From stagnation to growth: Revisiting three historical regimes
This paper explores the role of mortality in the long transition from Malthusian stagnation to sustained economic growth. An endogenous child mortality rate that varies inversely with parents’ standard of living is added to the framework in Galor and Weil (AER 2000). In our version of the model, the transition from stagnation to growth, triggered by an exogenous shock to technology, comprises a ‘mortality revolution’ succeeded by a ‘demographic transition’. Copyright Springer-Verlag 2004
Volume (Year): 17 (2004)
Issue (Month): 3 (08)
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