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The industrial revolution and the demographic transition

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  • Aubhik Khan

Abstract

In the 19th century, the United Kingdom began a period of economic transformation known as the Industrial Revolution. It?s commonly believed that this era opened as new inventions improved the technologies used to produce goods and provide services. However, we now know that such improvements affected only a relatively small part of the economy. Nonetheless, output rose during the first stage of the Industrial Revolution because of capital accumulation. One explanation for this increase in capital may be that another revolution occurred in Britain around the same time: the demographic transition. In this article, Aubhik Khan outlines some evidence on the Industrial Revolution and the demographic transition, then presents two economic theories that link the two phenomena.

Suggested Citation

  • Aubhik Khan, 2008. "The industrial revolution and the demographic transition," Business Review, Federal Reserve Bank of Philadelphia, issue Q1, pages 9-15.
    • Handle: RePEc:fip:fedpbr:y:2008:i:q1:p:9-15
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2008/q1/khan_demographic-transition.pdf
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    Cited by:

    1. Ron W. NIELSEN, 2017. "Changing the direction of the economic and demographic research," Journal of Economics Library, KSP Journals, vol. 4(3), pages 288-309, September.
    2. Mohajan, Haradhan, 2019. "The First Industrial Revolution: Creation of a New Global Human Era," MPRA Paper 96644, University Library of Munich, Germany, revised 17 Jul 2019.

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    Keywords

    Industrial productivity; Capital;

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