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A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also …
Persistent link: https://www.econbiz.de/10013236690
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/10013247642
A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also …
Persistent link: https://www.econbiz.de/10012471954
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