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The demographic transition, from high to low mortality and fertility, entails several decades during which a country's dependency ratio falls, bringing a demographic dividend to which a third of East Asia's late twentieth‐century economic growth ‘miracle’ has been attributed. Can a similar miracle be expected in sub‐Saharan Africa in the next few decades, or will relentless population pressure prevent...
The authors of this paper adopt a Solow–Swan model extended to include demographic variables to analyze the overall effect of demographic transition on economic growth. The results, based on data from seventy countries over the period 1961–2003, reveal that GDP per capita growth is positively related to the growth differential between the working-age population and the total population, and negatively...
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