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The long-run evolution of per-capita income exhibits a structural break often associated with the Industrial Revolution. We follow Mokyr (2002) and embed the idea that this structural break reflects a regime switch in the evolution of technological knowledge into a dynamic framework, using Airy...
Persistent link: https://www.econbiz.de/10011422148
alternative theory that would capture in a single unified framework the contemporary era of sustained economic growth, the epoch … the recent transition between these distinct regimes. The advancement of unified growth theory was fueled by the … conviction that the understanding of the contemporary growth process would be limited and distorted unless growth theory would be …
Persistent link: https://www.econbiz.de/10014023783
The long-run evolution of per-capita income exhibits a structural break often associated with the Industrial Revolution. We follow Mokyr (2002) and embed the idea that this structural break reflects a regime switch in the evolution of technological knowledge into a dynamic framework, using Airy...
Persistent link: https://www.econbiz.de/10005150938
stages of industrialization was ultimately reversed and the demographic transition brought about a significant reduction in …
Persistent link: https://www.econbiz.de/10014069583
This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human...
Persistent link: https://www.econbiz.de/10009530758
This research suggests that the evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history....
Persistent link: https://www.econbiz.de/10008939187
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. The theory suggests that the struggle for survival that had …
Persistent link: https://www.econbiz.de/10014105903
This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and … economic growth since the emergence of the human species. This unified theory encompasses the observed evolution of population … theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection …
Persistent link: https://www.econbiz.de/10014144124
This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014123692
This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014115096