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classical growth theory has with the early development theory, as Young’s externalities-fuelled, cumulative growth process …
Persistent link: https://www.econbiz.de/10010279213
This paper, based on previously untapped archival sources, offers an assessment of the life and thought of Paul Rosenstein-Rodan, a pioneer of development economics and one of the first articulators of both the "Big Push" and "balanced growth" theories. In addition to documenting the early life...
Persistent link: https://www.econbiz.de/10012182415
This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the...
Persistent link: https://www.econbiz.de/10011990204
In spite of two centuries of extensive debate, a consistent framework of the classical theory of population on which economists can universally agree has not been established. This means that either the theory lacks consistency or it has been misunderstood in important ways. This paper attempts...
Persistent link: https://www.econbiz.de/10011819606
Over the past two decades, there have been numerous attempts in economic theory to model the historical regime of a Malthusian trap as well as the transition to growth in one coherent framework, or in other words, a unified growth theory. However, in most of these models, an important effect...
Persistent link: https://www.econbiz.de/10011819607
This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the...
Persistent link: https://www.econbiz.de/10011987234
In spite of two centuries of extensive debate, a consistent framework of the classical theory of population on which economists can universally agree has not been established. This means that either the theory lacks consistency or it has been misunderstood in important ways. This paper attempts...
Persistent link: https://www.econbiz.de/10011817782
Over the past two decades, there have been numerous attempts in economic theory to model the historical regime of a Malthusian trap as well as the transition to growth in one coherent framework, or in other words, a unified growth theory. However, in most of these models, an important effect...
Persistent link: https://www.econbiz.de/10011818535
This paper presents an extended model of cumulative growth in which the effects of innovation and catching-up are considered. The effect of innovation adds another source of cumulative growth to that of the traditional models and allows for the consideration of the importance of non-price...
Persistent link: https://www.econbiz.de/10010443328
This paper presents an overview of the literature on 'cumulative growth'. It is argued that, independently of the 'new' growth theory, these models have achieved the nature of 'endogenous' growth models. Their main differences, however, lie in the assumptions about the equilibrium prevailing in...
Persistent link: https://www.econbiz.de/10010443335