Abstract
The transition from stagnation to growth has been the subject of intensive research in recent years. The rise in the demand for human capital and the associated decline in population growth have been identified as the prime forces in the movement from an epoch of stagnation to a state of sustained economic growth. They have brought about a significant formation of human capital along with a reduction in fertility rates and population growth, enabling economies to convert a larger share of the fruits of factor accumulation and technological progress into growth of income per capita.
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Galor, O. (2010). human capital, fertility and growth. In: Durlauf, S.N., Blume, L.E. (eds) Economic Growth. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280823_21
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DOI: https://doi.org/10.1057/9780230280823_21
Publisher Name: Palgrave Macmillan, London
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