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industrialization, and its impact on the formation of human capital as well as on the onset of the demographic transition, brought about … technologically driven demand for human capital emerged in the second phase of industrialization, the prevalence of human capital …
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Theories of economic growth hypothesize that the transition from pre-industrial stagnation to sustained growth is associated with a post-Malthusian phase in which technological progress raises income and spurs population growth while offsetting diminishing returns to labour. Evidence suggests...
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This paper constructs a two-sector unified growth model. Learning-by-doing in agriculture eventually allows the preindustrial economy to leave its Malthusian trap. But entrepreneurs in the manufacturing sector do not attempt invention if not much is known about natural phenomena. This delays the...
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This paper constructs a two-sector unified growth model that explains the timing and the inevitability of an industrial revolution through entrepreneurs’ role for the accumulation of useful knowledge. While learning-by-doing in agriculture eventually allows the preindustrial economy to leave...
Persistent link: https://www.econbiz.de/10010398784
This paper provides a uni?ed growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus’ (1798) so-called preventive check...
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This study provides a unified growth theory to correctly predict the initially negative and subsequently positive relationship between child mortality and net reproduction observed in industrialized countries over the course of their demographic transitions. The model captures the intricate...
Persistent link: https://www.econbiz.de/10003946193