Economic and Demographic Change: A Synthesis of Models, Findings, and Perspectives
Allen C. Kelley
Duke University - Department of Economics
Robert M. Schmidt
University of Richmond
Duke Economics Working Paper No. 99-01
Building upon recent Barro models that account for the impacts of various economic and political factors conditioning the pace of economic growth, we evaluate the merits of alternative specifications that expose the impacts of demographic change. For a sample of 89 countries, we arrive at the qualified judgment that rapid population growth exerted a fairly strong, adverse impact, on the pace of economic growth over the period 1960-1995. The positive impacts of density, size, and labor force entry were swamped by the costs of rearing children and maintaining an enlarged youth-dependency age structure.
Number of Pages in PDF File: 45
JEL Classification: O11, J1, O4working papers series
Date posted: July 1, 1999
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