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Economic and Demographic Change: A Synthesis of Models, Findings, and Perspectives

Author

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  • Kelley, Allen C.
  • Schmidt, Robert M.

Abstract

Building upon recent Barro models that account for the impacts of various economic and political factors conditioning the pace of economic growth, we evaluate the merits of alternative specifications that expose the impacts of demographic change. For a sample of 89 countries, we arrive at the qualified judgment that rapid population growth exerted a fairly strong, adverse impact, on the pace of economic growth over the period 1960-1995. The positive impacts of density, size, and labor force entry were swamped by the costs of rearing children and maintaining an enlarged youth-dependency age structure.

Suggested Citation

  • Kelley, Allen C. & Schmidt, Robert M., 1999. "Economic and Demographic Change: A Synthesis of Models, Findings, and Perspectives," Working Papers 99-01, Duke University, Department of Economics.
  • Handle: RePEc:duk:dukeec:99-01
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    Cited by:

    1. David de la Croix & Matthias Doepke, 2003. "Inequality and Growth: Why Differential Fertility Matters," American Economic Review, American Economic Association, vol. 93(4), pages 1091-1113, September.

    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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