Klemp, Marc P. B. - In: Cliometrica, Journal of Historical Economics and … 6 (2012) 1, pp. 63-77
To shed light on the economic-demographic mechanisms operating in the epoch of pre-industrial economic stagnation, a two-sector Malthusian model is formulated in terms of a cointegrated vector autoregressive model on error correction form. The model allows for both agricultural product wages and...