Chapter

Population and Economic Growth

Charles S. Pearson

in On the Cusp

Published in print August 2015 | ISBN: 9780190223915
Published online August 2015 | e-ISBN: 9780190223946 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780190223915.003.0004
Population and Economic Growth

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This chapter steps back and examines in some detail the role population plays in several economic growth models. The models include a Smithian model, the classical model, the Harrod-Domar model, Coale and Hoover’s simulation models, labor-surplus models, the neoclassical (Solow) growth model, and the new (endogenous) growth theory. Unfortunately, there has been no consensus as to whether population growth assists or impedes economic growth. The historical record in the population growth era offers few clear lessons for the impending decline era. The exposition in this chapter is non-technical and is assisted by five analytical diagrams.

Keywords: growth models; Adam Smith; classical; Harrod-Domar; Coale and Hoover; neoclassical; Solow; endogenous growth theory; consensus

Chapter.  11212 words.  Illustrated.

Subjects: Economic Development and Growth

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