Chapter

Cumulative Causality, Economic Growth, and the Demographic Transition

David Bloom and David Canning

in Population Matters

Published in print August 2001 | ISBN: 9780199244072
Published online November 2003 | e-ISBN: 9780191595974 | DOI: http://dx.doi.org/10.1093/0199244073.003.0007
 Cumulative Causality, Economic Growth, and the Demographic Transition

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This chapter explores the impact of demographic change on economic growth. It is argued that the interaction of economic growth with population dynamics can create a poverty trap. There may be two clubs: one with low income and high population growth rates, and the other with high income and low population growth rates. Transition between these clubs may be rare, but when it occurs, it does so very quickly, due to the positive feedbacks between growth and demographic change.

Keywords: demographic change; economic growth; poverty trap

Chapter.  14642 words.  Illustrated.

Subjects: Economic Development and Growth

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