Demographic change could mark end of economic growth – NBER paper
The world risks the end of economic growth if current trends towards shrinking populations continue, new research warns.
In a working paper published by the National Bureau of Economic Research, Charles Jones says many growth models treat the size of the population as key. A larger population implies more people to discover productive new technologies. So the tendency of populations to shrink as they grow richer could create serious problems for the global economy, he warns.
Most growth models
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