Human capital, Demographic Transition and Economic Growth
AbstractThis paper extends the literature on economic growth and demographic change by developing a neo-classical model of endogenous growth in which both economic and demographic outcomes are jointly determined. The key point in this model is the endogenisation of child mortality rate by linking it to parents' human capital, defined in a broad sense to include both education and health. The numerical simulation of this model confirms that as economic development takes place there will be a decline in child mortality rate followed by similar trend in fertility rate, hence, population growth rate.
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Bibliographic InfoPaper provided by Economics, The Univeristy of Manchester in its series Centre for Growth and Business Cycle Research Discussion Paper Series with number 28.
Length: 25 pages
Date of creation: 2003
Date of revision:
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demographic transition; human capital; economic growth; mortality; fertility;
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