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Agricultural Productivity Growth and Escape from the Malthusian Trap

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Author Info
Fürnkranz-Prskawetz, Alexia
Kögel, Tomas

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Abstract

Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and population growth and to enter a regime of high economic and population growth. To explain this transition, we construct a two-sector growth model with endogenous fertility and endogenous technological progress in the manufacturing sector. With this structure our model is able to replicate the stylized facts of the British industrial revolution. In addition, we show that industrialization requires rising growth of agricultural total factor productivity. This result is in marked contrast to previous work within a similar framework - but with a constant population - which came to the conclusion that industrialization requires merely a rising level of agricultural total factor productivity.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2485.

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Date of creation: Jun 2000
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Handle: RePEc:cpr:ceprdp:2485

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Related research
Keywords: Economic Growth Fertility Choice Malthusian trap Technological Change

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Find related papers by JEL classification:
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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This page was last updated on 2008-8-19.


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