() and Karol Jan Borowiecki
Alexander Tepper: Federal Reserve Bank of New York, Postal: U.S.A., and University of Oxford, United Kingdom
Karol Jan Borowiecki: Department of Business and Economics, Postal: University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark
Abstract: This paper develops a simple dynamic model to examine the breakout from a Malthusian economy to a modern growth regime. It identifies several factors that determine the fastest rate at which the population can grow without engendering declining living standards; this is termed maximum sustainable population growth. We then apply the framework to Britain and find a dramatic increase in sustainable population growth at the time of the Industrial Revolution, well before the beginning of modern levels of income growth. The main contributions to the British breakout were technological improvements and structural change away from agricultural production, while coal, capital, and trade played a minor role.
52 pages, October 2, 2013
Full text files
dpbe14_2013.pdf Full text
Questions (including download problems) about the papers in this series should be directed to Lene Holbæk ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2018-04-30 13:32:45.