The Demographic Transition and the Emergence of Sustained Economic Growth
Brown University - Department of Economics; Centre for Economic Policy Research (CEPR); Massachusetts Institute of Technology (MIT) - School of Humanities, Arts, and Social Sciences, Department of Economics
September 22, 2004
Minerva Center for Economic Growth Working Paper No. 4-04
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and the demographic transition brought about a significant reduction in fertility rates and population growth in various regions of the world, enabling economies to convert a larger share of the fruits of factor accumulation and technological progress into growth of income per capita. This paper examines various mechanisms that have been proposed as possible triggers for the demographic transition, assessing their empirical validity, and their potential role in the transition from stagnation to growth.
Number of Pages in PDF File: 16
Keywords: Growth, Technological Progress, Demographic Transition, Human Capital, Evolution, Malthusian Stagnation
JEL Classification: O11, O14, O33, O40, J11, J13working papers series
Date posted: September 23, 2004
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo2 in 0.454 seconds