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American Economic Review Vol. 90 No. 4 2000

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

Oded Galor1; David Weil2

1 Department of Economics, Brown University, Providence, RI 02912; Department of Economics, Hebrew University, Jerusalem 91905, Israel. · 2 Department of Economics, Brown University, Providence, RI 02912.

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 income growth.

DOI
10.1257/aer.90.4.806
Volume
90
Issue
4
Pages
806-828
Language
en
Sources
bibtex:phds-export.bib openalex crossref

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