THE DEMOGRAPHIC TRANSITION AND THE EMERGENCE OF SUSTAINED ECONOMIC GROWTH | Zendy

Galor Oded | Zendy

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THE DEMOGRAPHIC TRANSITION AND THE EMERGENCE OF SUSTAINED ECONOMIC GROWTH

Author(s) -

Galor Oded

Publication year - 2005

Publication title -

journal of the european economic association

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 7.792

H-Index - 93

eISSN - 1542-4774

pISSN - 1542-4766

DOI - 10.1162/jeea.2005.3.2-3.494

Subject(s) - demographic transition , economics , population growth , industrialisation , economic stagnation , fertility , per capita income , per capita , population , transition (genetics) , development economics , demographic economics , technological change , macroeconomics , market economy , demography , political science , biology , biochemistry , sociology , politics , law , gene

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. (JEL: O11, O14, O33, O40, J11, J13)

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