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What drove western population growth in the U.S. during the 19th century? The facts are: (i) Natural increase was higher in the West than in the East; and (ii) in the early stages of the settlement process, net migration could account for up to 80% of population growth in some regions. A general...
Persistent link: https://www.econbiz.de/10005566110
Some facts characterizing the U.S. economic development in the 19th century are: (i) the westward movement of population; (ii) the accumulation of productive land; and (iii) the wage gap in favor of the West. An overlapping-generations model is developed, to account for these facts. The model's...
Persistent link: https://www.econbiz.de/10005700444