The Simplest Unified Growth Theory
Publikation: Working paper › Forskning
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The Simplest Unified Growth Theory. / Strulik, Holger; Weisdorf, Jacob Louis.
Department of Economics, University of Copenhagen, 2007.Publikation: Working paper › Forskning
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TY - UNPB
T1 - The Simplest Unified Growth Theory
AU - Strulik, Holger
AU - Weisdorf, Jacob Louis
N1 - JEL Classification: O11, O14, J10, J13
PY - 2007
Y1 - 2007
N2 - This paper provides a unified 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 hypothesis - that fertility rates vary inversely with the price of food - the current study offers a new and straightforward explanation for the demographic transition and the break with the Malthusian era. The current framework lends support to existing unified growth theories and is well in tune with historical evidence about structural transformation
AB - This paper provides a unified 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 hypothesis - that fertility rates vary inversely with the price of food - the current study offers a new and straightforward explanation for the demographic transition and the break with the Malthusian era. The current framework lends support to existing unified growth theories and is well in tune with historical evidence about structural transformation
KW - Faculty of Social Sciences
KW - economic growth
KW - population growth
KW - structural change
KW - industrial revolution
M3 - Working paper
BT - The Simplest Unified Growth Theory
PB - Department of Economics, University of Copenhagen
ER -
ID: 1050295