The Demographic Transition and the Emergence of Sustained Economic Growth

Minerva Center for Economic Growth Working Paper No. 4-04

16 Pages Posted: 23 Sep 2004

See all articles by Oded Galor

Oded Galor

Brown University - Department of Economics; Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: September 22, 2004

Abstract

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.

Keywords: Growth, Technological Progress, Demographic Transition, Human Capital, Evolution, Malthusian Stagnation

JEL Classification: O11, O14, O33, O40, J11, J13

Suggested Citation

Galor, Oded, The Demographic Transition and the Emergence of Sustained Economic Growth (September 22, 2004). Minerva Center for Economic Growth Working Paper No. 4-04. Available at SSRN: https://ssrn.com/abstract=594521 or http://dx.doi.org/10.2139/ssrn.594521

Oded Galor (Contact Author)

Brown University - Department of Economics ( email )

Providence, RI 02912
United States

HOME PAGE: http://www.econ.brown.edu/fac/Oded_Galor/

Centre for Economic Policy Research (CEPR)

London
United Kingdom

HOME PAGE: http://www.econ.brown.edu/fac/Oded_Galor/

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