Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond
Galor, Oded, and
David N. Weil. 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond."
American Economic Review,
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 income growth.
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Galor, Oded (Brown U and Hebrew U)
Weil, David N. (Brown U)
O41: One, Two, and Multisector Growth Models
J11: Demographic Trends and Forecasts; General Migration
O11: Macroeconomic Analyses of Economic Development