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Persistent link: https://www.econbiz.de/10003574549
This paper provides a uni?ed growth theory, i.e. a model that explains the very long-run economic and demographic …. The current framework lends support to existing uni?ed growth theories and is well in tune with historical evidence about … structural transformation. -- Economic Growth ; Population Growth ; Structural Change ; Industrial Revolution …
Persistent link: https://www.econbiz.de/10003575465
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This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic … growth makes food goods, and therefore children, relatively less expensive. Industrial productivity growth, on the other hand … from a period of relatively fast productivity growth in industry compared to agriculture. In part, this is caused by …
Persistent link: https://www.econbiz.de/10012721181
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In medieval times, most people identified with religious values and aggregate income and productivity grew at glacier speed. In the 20th century, religion played a much lesser role in daily life and income and productivity grew at high and unprecedented rates. The present paper develops a simple...
Persistent link: https://www.econbiz.de/10010357676
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the available data for the last century. Our main result is that mortality changes and growth of income per capita account …, is insufficient to explain the secular decline of population growth. For that interaction of mortality and income growth … endogenous and exogenous. In particular, we find that an increase of fertility reduces growth of income per capita. -- Fertility …
Persistent link: https://www.econbiz.de/10008906860
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates … adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …
Persistent link: https://www.econbiz.de/10003877571