The Role of Fertility and Population in Economic Growth: Empirical Resultsfrom Aggregate Cross-National Data
42 Pages Posted: 8 Aug 2007 Last revised: 3 Sep 2022
Date Written: February 1993
Abstract
Two recently improved sets of cross-country panel data are combined in orderto re-examine the effects of population growth and fertility on economicgrowth. Using a 107 country panel data set covering 1960-85, we find thathigh birth rates appear to reduce economic growth through investment effectsand possibly through "capital dilution", although classic resource dilution is notevident in the data. Most significantly, however, birth rate declines have astrong medium-term positive impact on per capita income growth throughlabour supply or "dependency" effects.
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