from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative …. Growth is not sustainable until this relative price drops below a certain threshold, thus inducing farmers to adopt modern … and accelerates toward modern growth. Our calibrated model is largely consistent with the set of historical data we have …

industrial production growth in England between 1300 and 1800. …

from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative …. Growth is not sustainable until this relative price drops below a certain threshold, thus inducing farmers to adopt modern … and accelerates toward modern growth. Our calibrated model is largely consistent with the set of historical data we have …

-Industrial-Revolution phenomena--the industrialization and growth take-off of rich "northern" nations, massive global income divergence, and rapid … trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and … knowledge, the first endogenous growth model to display this Rostovian stages-of-growth feature …

Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth …

appropriate calibration macroeconomic properties emerge such as endogenous business cycles, and nominal GDP growth, while …