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The Simplest Unified Growth Theory

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Author Info
Holger Strulik (University of Hannover)
Jacob Weisdorf (Department of Economics, University of Copenhagen)

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Abstract

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.

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File URL: http://www.econ.ku.dk/Research/Publications/pink/2007/0721.pdf
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Publisher Info
Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 07-21.

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Length: 16 pages
Date of creation: Aug 2007
Date of revision:
Handle: RePEc:kud:kuiedp:0721

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Related research
Keywords: economic growth population growth structural change industrial revolution

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
J10 - Labor and Demographic Economics - - Demographic Economics - - - General
J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Tamura, Robert, 2002. "Human capital and the switch from agriculture to industry," Journal of Economic Dynamics and Control, Elsevier, vol. 27(2), pages 207-242, December. [Downloadable!] (restricted)
  2. Hans-Joachim Voth, 2003. "Living Standards during the Industrial Revolution: An Economist's Guide," American Economic Review, American Economic Association, vol. 93(2), pages 221-226, May. [Downloadable!] (restricted)
  3. Crafts, Nicholas F R, 1996. "The First Industrial Revolution: A Guided Tour for Growth Economists," American Economic Review, American Economic Association, vol. 86(2), pages 197-201, May. [Downloadable!] (restricted)
  4. Kogel, Tomas & Prskawetz, Alexia, 2001. " Agricultural Productivity Growth and Escape from the Malthusian Trap," Journal of Economic Growth, Springer, vol. 6(4), pages 337-57, December. [Downloadable!] (restricted)
    Other versions:
  5. Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-84, August. [Downloadable!] (restricted)
  6. Holger Strulik, 2003. "Mortality, the Trade-off between Child Quality and Quantity, and Demo-economic Development," Metroeconomica, Blackwell Publishing, vol. 54(4), pages 499-520, November. [Downloadable!] (restricted)
    Other versions:
  7. Holger Strulik, 1997. "Learning-by-doing, population pressure, and the theory of demographic transition," Journal of Population Economics, Springer, vol. 10(3), pages 285-298. [Downloadable!] (restricted)
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