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Demographic Transition and Industrial Revolution: A Macroeconomic Investigation

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Author Info
Michael Bar (San Francisco State University)
Oksana Leukhina (University of North Carolina, Chapel Hill)

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Abstract

All industrialized countries have experienced a transition from high birth rates, land-based production and stagnant standards of living to low birth rates and sustained income growth. To develop a better understanding of these economic and demographic transformations and the link between them, we construct a general equilibrium framework merging the Hansen and Prescott (2002) model of structural change with the Barro and Becker (1989) model of fertility choice. We find that when the historical changes of youth mortality and sector-specific productivity are introduced into the model, parameterized to capture key moments of 17th century England, it does remarkably well at generating the long-run features of economic and demographic development of England. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/j.red.2009.03.002
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

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Related research
Keywords: Industrialization; Structural transformation; Unified growth theory; Technological progress; Demographic transition; Young-age mortality;

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Find related papers by JEL classification:
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E00 - Macroeconomics and Monetary Economics - - General - - - General

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Javier Birchenall, 2007. "Escaping high mortality," Journal of Economic Growth, Springer, vol. 12(4), pages 351-387, December. [Downloadable!] (restricted)
  2. Daniel Mejía & María Teresa Ramírez & Jorge Tamayo, . "The Demographic Transition in Colombia: Theory and Evidence," Borradores de Economia 538, Banco de la Republica de Colombia. [Downloadable!]
    Other versions:
  3. Michael Bar & Oksana Leukhina, . "Demographic Transition and Industrial Revolution: A Macroeconomic Investigation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics. [Downloadable!] (restricted)
    Other versions:
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