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The contribution of population health and demographic change to economic growth in China and India

The contribution of population health and demographic change to economic growth in China and India,10.1016/j.jce.2009.11.002,Journal of Comparative Ec

The contribution of population health and demographic change to economic growth in China and India   (Citations: 1)
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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.
Journal: Journal of Comparative Economics - J COMP ECON , vol. 38, no. 1, pp. 17-33, 2010
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