On a Theoretical Analysis of the Family and Economic Growth
On a Theoretical Analysis of the Family and Economic Growth
Author(s): Stephen Olabode ODEDOYINSubject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: ASERS Publishing
Keywords: per capita income; human capital endowments; intergenerational transfer; eudaemonic effect;
Summary/Abstract: The paper considers the prospects of constructing theoretical postulates on the family that is consistent with some of the main features of economic growth. Theoretical abstraction of the parameters involved based on the intergenerational dynastic model is analyzed and compared to evidence. Descriptive and analytical technique were employed in analyzing the model. Non-market productivity levels and their effect on initial human capital endowment of households were also considered.
Journal: Journal of Mathematical Economics and Finance
- Issue Year: V/2019
- Issue No: 2(9)
- Page Range: 17-32
- Page Count: 16
- Language: English
- Content File-PDF