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Population Growth models and Economic Growth

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Explain why population growth has such a negative impact on economic growth in the Malthusian and Neoclassical growth models. Explain why population growth can have positive effects on economic growth in more recent models. Which theory does the evidence support?

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This paper examines the historical evolution of economic theories of the relationship among population growth, technological change, and the standard of living traced. It considers several unified models that encompass the transition between three distinct regimes that have characterized the process of economic development: the ''Malthusian Regime,'' the ''Post-Malthusian Regime,'' and the ''Modern Growth Regime". The analysis focuses on the three most important differences among these regimes from a macroeconomic viewpoint: first, how the critical assumptions of each model differ and how these differences translate into prediction; second, how each views the relationship between growth rate of population and the level of income per capita, and third, which theory does the evidence support.

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This paper examines the historical evolution of economic theories of the relationship among population growth, technological change, and the standard of living traced. It considers several unified models ...

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