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Human Capital Demographic Transition and Economic Growth

Haitham Issa
경제연구소 (Hanyang Economic Research Institute)|2005.12|Journal of Economic Development|제30권 제2호|pp. 49-66

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주제분류경제학

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Abstract

This paper extends the literature on economic growth and demographic change by developing a neo-classical model of endogenous growth in which both economic and demographic outcomes are jointly determined. The key point in this model is the endogenisation of child mortality rate by linking it to parents’ human capital, defined in a broad sense to include both education and health. The numerical simulation of this model confirms that as economic development takes place there will be a decline in child mortality rate followed by similar trend in fertility rate, hence, population growth rate.

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