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This Paper 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/10005497992
, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10005666914
Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and …
Persistent link: https://www.econbiz.de/10005791731
The demographic transition that swept the world in the course of the last century has been identified as one of the … fertility rates and population growth in various regions of the world, enabling economies to convert a larger share of the …
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 article challenges conventional wisdom by arguing that greater longevity cannot explain the significant accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children’s future income proportionally at all levels of...
Persistent link: https://www.econbiz.de/10005666793
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
of poverty within and across countries. The joint determination of the quality (education) and quantity of children in …
Persistent link: https://www.econbiz.de/10005667134