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considered: neutral technological progress, skilled-biased technological change, and drops in the price of labor-saving household …
Persistent link: https://www.econbiz.de/10012510535
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/10012472002