The Demographic Transition and the Emergence of Sustained Economic Growth

Oded Galor

No 4714, CEPR Discussion Papers from Centre for Economic Policy Research

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 (search for similar items in EconPapers)
JEL-codes: J11 J13 O11 O14 O33 O40 (search for similar items in EconPapers)
Date: 2004-10
New Economics Papers: this item is included in nep-dev
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Journal Article: The Demographic Transition and the Emergence of Sustained Economic Growth (2005)
Working Paper: The Demographic Transition and the Emergence of Sustained Economic Growth (2004)
Working Paper: The Demographic Transition and the Emergence of Sustained Economic Growth (2004)
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