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Title: The Demographic Transition and the Emergence of Sustained Economic Growth

Author(s): Oded Galor

Publication Date: October 2004

Keyword(s): demographic transition, evolution, growth, human capital, malthusian stagnation and technological progress

Programme Area(s): International Macroeconomics

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.

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Bibliographic Reference

Galor, O. 2004. 'The Demographic Transition and the Emergence of Sustained Economic Growth'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=4714