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The Dynamics of Social Conflict during the Transition from Stagnation to Growth

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  • Dmitry Veselov

Abstract

In this paper, we propose a two-sector endogenous growth model of transition from the period of pre-industrial stagnation to a sustainable growth regime. In the model the slight structural changes in the Malthusian world influence a proportion of power distribution between landowners and capitalists, and finally lead to the adoption of institutions, favoring industrial development. These changes trigger the non-drastic transition to the modern growth regime. The model can explain the dynamic and the intensity of conflict between landowners and capital holders during the transition process.

Suggested Citation

  • Dmitry Veselov, 2019. "The Dynamics of Social Conflict during the Transition from Stagnation to Growth," Revue d'économie politique, Dalloz, vol. 129(5), pages 833-859.
    • Handle: RePEc:cai:repdal:redp_295_0833
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