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Demographic Change and Long-Run Development$
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Matteo Cervellati and Uwe Sunde

Print publication date: 2017

Print ISBN-13: 9780262036627

Published to MIT Press Scholarship Online: May 2018

DOI: 10.7551/mitpress/9780262036627.001.0001

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The Demographic Transition and Long-Term Development

The Demographic Transition and Long-Term Development

(p.1) 1 The Demographic Transition and Long-Term Development
Demographic Change and Long-Run Development

Matteo Cervellati

Uwe Sunde

The MIT Press

This introductory chapter discusses the role of the demographic transition as a key turning point for economic development. It begins by describing the stylized pattern of the demographic transition and detailing the facts regarding similarities and differences across countries. By looking at the close links between demographic and economic development, the chapter highlights the different mechanisms through which the demographic transition affects economic growth. It also illustrates the implications of the nonlinear dynamics of the demographic transition for economic development through the human capital-acquisition channel; addresses the fundamental determinants of the transition; and provides an overview of likely implications for future development.

Keywords:   demographic transition, economic development, economic growth, human capital acquisition, fundamental determinants, nonlinear dynamics, future development

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