The Contribution of Population Health and Demographic Change to Economic Growth in China and India.
We find that a cross-country model of economic growth successfully tracks the growth takeoffs in China and India. The major drivers of the predicted takeoffs are improved health, increased openness to trade, and a rising labor force-to-population ratio due to fertility decline. We also explore the e...
| Main Authors: | , , , , , |
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| Format: | Journal article |
| Language: | English |
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2010
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| _version_ | 1797080487522467840 |
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| author | Bloom, D Canning, D Hu, L Liu, Y Mahal, A Yip, W |
| author_facet | Bloom, D Canning, D Hu, L Liu, Y Mahal, A Yip, W |
| author_sort | Bloom, D |
| collection | OXFORD |
| description | We find that a cross-country model of economic growth successfully tracks the growth takeoffs in China and India. The major drivers of the predicted takeoffs are improved health, increased openness to trade, and a rising labor force-to-population ratio due to fertility decline. We also explore the effect of the reallocation of labor from low-productivity agriculture to the higher-productivity industry and service sectors. Including the money value of longevity improvements in a measure of full income reduces the gap between the magnitude of China's takeoff relative to India's due to the relative stagnation in life expectancy in China since 1980. |
| first_indexed | 2024-03-07T01:00:47Z |
| format | Journal article |
| id | oxford-uuid:89a23da7-e148-4686-9d05-81098d621634 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:00:47Z |
| publishDate | 2010 |
| record_format | dspace |
| spelling | oxford-uuid:89a23da7-e148-4686-9d05-81098d6216342022-03-26T22:26:01ZThe Contribution of Population Health and Demographic Change to Economic Growth in China and India.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:89a23da7-e148-4686-9d05-81098d621634EnglishSymplectic Elements at Oxford2010Bloom, DCanning, DHu, LLiu, YMahal, AYip, WWe find that a cross-country model of economic growth successfully tracks the growth takeoffs in China and India. The major drivers of the predicted takeoffs are improved health, increased openness to trade, and a rising labor force-to-population ratio due to fertility decline. We also explore the effect of the reallocation of labor from low-productivity agriculture to the higher-productivity industry and service sectors. Including the money value of longevity improvements in a measure of full income reduces the gap between the magnitude of China's takeoff relative to India's due to the relative stagnation in life expectancy in China since 1980. |
| spellingShingle | Bloom, D Canning, D Hu, L Liu, Y Mahal, A Yip, W The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title | The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title_full | The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title_fullStr | The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title_full_unstemmed | The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title_short | The Contribution of Population Health and Demographic Change to Economic Growth in China and India. |
| title_sort | contribution of population health and demographic change to economic growth in china and india |
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