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Accelerating Growth in the Past

In: Accelerating Economic Growth

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  • Jakub Growiec

    (SGH Warsaw School of Economics)

Abstract

The chapter documents the trajectory of accelerating global economic growth and technological progress across the entire human history. Against the backdrop of several existing aggregative measures of development, a two-level measurement approach is proposed, keeping aggregate human control as the unique overarching frame but also using era-specific measures of development. The proposed approach formalizes the idea that each technological revolution opens a new dimension of development, such as habitat capacity, ecosystem information, population, scientific knowledge, gross domestic product (GDP) and useful data. Next, the chapter documents the growth effects of technological revolutions in energy (hardware): the agricultural and industrial revolution, and in learning (software): the cognitive, scientific and digital revolution. After each revolution, growth accelerated by orders of magnitude. The global development picture is blurred, however, by the facts that technologies from consecutive eras may coincide in time and there are feedback loops across the eras (mechanization of agriculture, digitization of industry, etc.).

Suggested Citation

  • Jakub Growiec, 2022. "Accelerating Growth in the Past," Frontiers in Economic History, in: Accelerating Economic Growth, chapter 0, pages 97-114, Springer.
    • Handle: RePEc:spr:frochp:978-3-031-07195-9_7
    DOI: 10.1007/978-3-031-07195-9_7
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    Cited by:

    1. Tafirenyika Sunde & Blessing Tafirenyika & Anthony Adeyanju, 2023. "Testing the Impact of Exports, Imports, and Trade Openness on Economic Growth in Namibia: Assessment Using the ARDL Cointegration Method," Economies, MDPI, vol. 11(3), pages 1-12, March.

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