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On the CuspFrom Population Boom to Bust$
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Charles S. Pearson

Print publication date: 2015

Print ISBN-13: 9780190223915

Published to Oxford Scholarship Online: August 2015

DOI: 10.1093/acprof:oso/9780190223915.001.0001

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Population and Economic Growth

Population and Economic Growth

(p.47) Chapter 4 Population and Economic Growth
On the Cusp

Charles S. Pearson

Oxford University Press

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

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