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has been cited by the following article:

• TITLE: Notes on Economic Growth with Scale Effects: Is Depopulation Compatible with Growth?

  AUTHORS: Masao Nakagawa, Asuka Oura, Yoshiaki Sugimoto

  KEYWORDS: Scale Effect, Depopulation, Human Capital, Growth

  JOURNAL NAME: Theoretical Economics Letters, Vol.5 No.2, March 27, 2015

  ABSTRACT: This research develops a simple theory to analyze the compatibility of depopulation and sustainable growth. By introducing the scale effect of aggregate rather than average human capital, it shows that the economy may enter a sustainable growth path with fertility recovery, keeping away from a non-Malthusian poverty trap.