On a Theoretical Analysis of the Family and Economic Growth

  • Stephen Olabode ODEDOYIN Obafemi Awolowo University, Ile-Ife, Nigeria


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. Nonmarket productivity levels and their effect on initial human capital endowment of households were also considered.


[1]. Agenor, P.R. (2004). The Economics of Adjustment and Growth, Second Edition, Harvard University Press, Cambridge, Massachusetts.
[2]. Barro, R.J. and X. Sala-i-martin (2004). Economic Growth, Second Edition, McGraw-Hill, New York.
[3]. Becker, G.S. (1965). A Theory of the Allocation of Time, Economic Journal, 75, September, pp.493-517.
[4]. Easterlin, R.A. (1977). Population: The Economics of the Long Run, In: S. Weintraub(ed.) Modern Economic Thought, University of Pennsylvania Press, pp.485-499.
[5]. Levenson, A.M. and B.S. Solon (1971). Essential Price Theory, Revised Edition; Holt, Rinehart and Winston, Inc., p. 279.
[6]. Micevska (2001). Economic Disruption, Malthusian Fertility and Economic Growth, Economic Studies Program, the Brookings Institution, Washington D.C.
[7]. Morgenstern, O. (1976) GNP { Defects of a Hallowed Concept, Economic Impact - A Quarterly Review of World Economics, Third Quarter, No. 15, p. 81.
[8]. Pigou, A.C. (1932 (1962)) The Economics of Welfare, Fourth Edition, The English Language Book Society and Macmillan & Co. Ltd, London (Reprints of Economic Classics).
How to Cite
ODEDOYIN, Stephen Olabode. On a Theoretical Analysis of the Family and Economic Growth. Journal of Mathematical Economics and Finance, [S.l.], v. 5, n. 2, p. 17 - 32, dec. 2019. ISSN 2458-0813. Available at: <https://journals.aserspublishing.eu/jmef/article/view/4785>. Date accessed: 06 aug. 2020. doi: https://doi.org/10.14505/jmef.v5.2(9).02.