Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145429
Authors: 
Franck, Raphaël
Galor, Oded
Year of Publication: 
2015
Series/Report no.: 
Working Paper, Brown University, Department of Economics 2015-6
Abstract: 
The research provides the first empirical examination of the hypothesized effect of industrialization on the fertility decline. Exploiting exogenous source of regional variations in the adoption of steam engines across France, the study establishes that industrialization was a major catalyst in the fertility decline in the course of the demographic transition. Moreover, the analysis further suggests that the contribution of industrialization to the decline in fertility plausibly operated through the effect of industrialization on human capital formation. Thus, the study confirms one of the central elements of Unified Growth Theory which hypothesizes that a critical force in the transition from stagnation to growth was by the impact of industrialization on the onset of the demographic transition, via the rise in the demand for human capital.
Subjects: 
Economic Growth
Fertility Transition
Human Capital
Industrialization
Steam Engine
JEL: 
J10
N33
N34
O14
O33
Document Type: 
Working Paper

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