The Simplest Unified Growth Theory
Publikation: Working paper › Forskning
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- 0721
Forlagets udgivne version, 175 KB, PDF-dokument
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
Originalsprog | Engelsk |
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Udgiver | Department of Economics, University of Copenhagen |
Antal sider | 18 |
Status | Udgivet - 2007 |
Bibliografisk note
JEL Classification: O11, O14, J10, J13
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