Growth, Distribution and Demography: Some Lessons from History / Jeffrey G. Williamson.

Format:

Book

Author/Creator:

Williamson, Jeffrey G.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w6244.

NBER working paper series no. w6244

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Growth, Distribution and Demography

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1997.

Summary:

If we have learned anything from the recent outpouring of empirical growth equations is that life is far too complex to expect unconditional' convergence among all countries and at" all times. This fact motivates two questions. First, why has it taken economists so long to learn" the same lesson from the Kuznets Curve debate? No economist should expect an unconditional'" Kuznets Curve to emerge from the growth experience of all countries and at all times. The" industrial revolutionary forces thought to have an impact on inequality can be offset or reinforced" by demography, skill supply and globalization. This paper assesses the role of globalization and" demography via mass migrations. Second, why has it taken economists so long to learn that" demography influences growth? When treated properly, demography can be shown to have a" significant impact on GDP per capita growth. The answers to these two questions are sought by" looking at inequality and growth experience in the Old World, the New World last century and a half.

Notes:

Print version record

October 1997.