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Unified Growth Theory Contradicted by the Absence of Takeoffs in the Gross Domestic Product

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  • Ron W. NIELSEN

    (Griffith University, Australia.)

Abstract

Data describing historical economic growth are analysed. They demonstrate convincingly that the take offs from stagnation to growth, claimed in the Unified Growth Theory, never happened. This theory is again contradicted by the same data which were used, but never properly analysed, during its formulation. The absence of the claimed takeoffs demonstrates that the postulate of the differential takeoffs is also contradicted by data. Furthermore, this analysis demonstrates that the mathematically-analysable data contradict the concept of the prolonged Malthusian stagnation, its effects on the economic growth as well as the concept of a dramatic escape from the Malthusian trap.

Suggested Citation

  • Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Absence of Takeoffs in the Gross Domestic Product," Turkish Economic Review, EconSciences Journals, vol. 3(1), pages 16-27, March.
    • Handle: RePEc:cvv:journ2:v:3:y:2016:i:1:p:16-27
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    Keywords

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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • F01 - International Economics - - General - - - Global Outlook
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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