Demographic Transition And Economic Growth

Abstract

Demographic transition implies the change in birth rate ,death rate and fertility rate of a community during a specific period of time.In demography,historically it implies the shift of high birth rates, high infant mortality rates and death rate in the society to low birth rate and low death rate.Birth and death rates are high iniitially because of lack of education,minimal technology and low economic development.Later on,both the rates can be controlled with the advancement of technology,dissemination of education etc.Hence, there are two scenarios related to two different stages of development.

Present paper uses econometric model to examine the relationship between demographic transition and economic wellbeing.OLS estimation technique is used in a multivariate linear regression.Moreover a test of nonlinear impact of population growth on economic progress is made.For this test world bank data on forty three less developed economies were used by the author.