Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition

Oded Galor and David Weil

No 98-3, Working Papers from Brown University, Department of Economics

Abstract: This paper develops a unified growth model that captures the historical evolution of population, technology, and output. It encompasses the endogenous transition between three regimes that have characterized economic development. The economy evolves from a Malthusian regime, where technological progress is slow and population growth prevents any sustained rise in income per capita, into a Post-Malthusian regime, where technological progress rises and population growth absorbs only part of output growth. Ultimately, a demographic transition reverses the positive relationship between income and population growth, and the economy enters a Modern Growth regime with reduced population growth and sustained growth of income.

Keywords: Fertility; Economic growth; Technological change (search for similar items in EconPapers)
Date: 1998, Revised 1998-08-19
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Citations: View citations in EconPapers (127)

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