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Agricultural productivity growth and escape from the Malthusian Trap

journal contribution
posted on 28.07.2005, 09:19 authored by Tomas Koegel, Alexia Prskawetz
Industrialization allowed the industrialized world of today to escape from the Malthusian regime characterized by low economic and population growth and to enter the post-Malthusian regime of high economic and population growth. To explain the transition between these regimes, we construct a growth model with two consumption goods, (an agricultural and a manufacturing good), endogeneous fertility, and endogeneous technological progress in the manufacturing sector. We show that with an endogeneous increase in the growth of agricultural productivity our model is able to replicate stylized facts of the British industrial revolution. The paper concludes by illustrating that our proposed model framework can be extended to include the demographic transition i.e. a regime in which economic growth is associated with falling fertility.

History

School

  • Business and Economics

Department

  • Economics

Pages

453355 bytes

Citation

KOEGEL, T. and PRSKAWETZ, A., 2001. Agricultural productivity growth and escape from the Malthusian Trap. Journal of Economic Growth, 6, pp. 337-357

Publisher

© Kluwer (Springer)

Publication date

2001-07

Notes

The original publication: KOEGEL, T. and PRSKAWETZ, A., 2001. Agricultural productivity growth and escape from the Malthusian Trap. Journal of Economic Growth, 6, pp. 337-357, is available at http://springerlink.metapress.com/openurl.asp?genre=journal&eissn=1573-7020.

ISSN

1381-4338

eISSN

1573-7020

Language

en