The burden of durable asset acquisition in growing populations

O'Sullivan, Jane N. (2012) The burden of durable asset acquisition in growing populations. Economic Affairs, 32 1: 31-37. doi:10.1111/j.1468-0270.2011.02125.x

Author O'Sullivan, Jane N.
Title The burden of durable asset acquisition in growing populations
Journal name Economic Affairs   Check publisher's open access policy
ISSN 0265-0665
Publication date 2012-02
Sub-type Article (original research)
DOI 10.1111/j.1468-0270.2011.02125.x
Volume 32
Issue 1
Start page 31
End page 37
Total pages 7
Place of publication Oxford, United Kingdom
Publisher Wiley-Blackwell Publishing
Collection year 2013
Language eng
Abstract While most analyses of economic impacts of population growth have been equivocal, this article describes a new perspective from which the effects are strongly negative. The economies and diseconomies of population size are largely circumstantial and empirically inconsistent, but those of growth rate are intrinsic and consistent. These impacts are not apparent on income and per capita GDP, but on costs. The article estimates these costs using the logic of calculus rather than marginal accounting. Specifically, the cost of maintaining per capita capacity of durable assets, including infrastructure, equipment and skilled personnel, is increased by population growth by a factor proportional to the working lifespan of the asset class.
Keyword Population economics
Diseconomies of growth rate
Infrastructure provision
Skilled labour supply
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: School of Agriculture and Food Sciences
Official 2013 Collection
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Citation counts: Scopus Citation Count Cited 5 times in Scopus Article | Citations
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Created: Tue, 09 Oct 2012, 14:32:45 EST by Jane O'sullivan on behalf of School of Agriculture and Food Sciences