Showing 1 - 10 of 16
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...
Persistent link: https://www.econbiz.de/10005662096
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10005662118
This paper develops a growth model in which the endogenous evolution of technological progress and wage inequality is consistent with the observed pattern in the United States and several European economies in the last two centuries. The model accounts for: a) the rise in wage inequality between...
Persistent link: https://www.econbiz.de/10005662180
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population, technology and income per capita in the long...
Persistent link: https://www.econbiz.de/10005666934
This paper presents a unified theory that provides an intertemporal reconciliation between conflicting viewpoints about the effect of inequality on economic growth. It argues that the replacement of physical capital accumulation by human capital accumulation as a prime engine of economic growth...
Persistent link: https://www.econbiz.de/10005666981
This paper examines the historical evolution of the relationship between population growth, technological change, and the standard of living. It considers several unified models that encompass the transition between three distinct regimes that have characterized the process of economic...
Persistent link: https://www.econbiz.de/10005791656
This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...
Persistent link: https://www.econbiz.de/10005123872
This paper develops a growth theory that captures the replacement of physical capital accumulation by human capital accumulation as a prime engine of growth along the process of development. It argues that the positive impact of inequality on the growth process was reversed in this process. In...
Persistent link: https://www.econbiz.de/10005125649
evolutionary advantage, diminishing the growth potential of advanced economies and contributing to the convergence of the …
Persistent link: https://www.econbiz.de/10005136732
This chapter examines the process of development from an epoch of Malthusian stagnation to a state of sustained economic growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per capita, technology, and population over the course...
Persistent link: https://www.econbiz.de/10005062763