Unified growth theory was developed in light of the alleged failure of endogenous growth theory to capture key empirical regularities in the growth processes and their contribution to the momentous rise in inequality across nations in the past two centuries.[1][2][3][4]
Unified growth theory suggests that during most of human existence, technological progress was offset by population growth, and living standards were near subsistence across time and space.[5][6]
The testable predictions of the theory and its underlying mechanisms have been confirmed in empirical and quantitative research in the past decade, and have inspired intensive exploration of the impact of historical and pre-historical forces on comparative economic development and the disparity in the wealth of nations.[7][8][9] (d) the theory as a whole was explored quantitatively.[10][11] Traits that were complementary to the technological environment generated higher level of income, and therefore higher reproductive success. Testable predictions of this evolutionary theory and its underlying mechanisms have been confirmed empirically[12] and quantitatively.[13]
^Galor, Oded (2005). "From Stagnation to Growth: Unified Growth Theory." In: Philippe Aghion & Steven Durlauf (eds.). Handbook of Economic Growth. Amsterdam: Elsevier. Edition 1, volume 1, chapter 4: 171-293. Galor, Oded; Weil, David N. (2000). "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond" (PDF). American Economic Review. 90 (4): 806–828. doi:10.1257/aer.90.4.806.
^Ashraf, Quamrul; Galor, Oded (2011). "Dynamics and Stagnation in the Malthusian Epoch". American Economic Review. 101 (5): 2003–2041. doi:10.1257/aer.101.5.2003. PMC4262154. PMID 25506082.
^Komlos, John; Artzrouni, Marc (1990). "Mathematical Investigations of the Escape from the Malthusian Trap" (PDF). Mathematical Population Studies. 2 (4): 269–287. doi:10.1080/08898489009525313. PMID 12283330.
^Artzrouni, Marc (1985). Population Growth through History and the Escape from the Malthusian Trap: A Homeostatic Simulation Model(PDF). Genus 41. pp. 3–4, 21–40.
^"The Industrial Revolution as the Escape from the Malthusian Trap". Journal of European Economic History. 29 (2–3): 307–331. 2000.
^Ashraf, Quamrul; Galor, Oded (2011). "Dynamics and Stagnation in the Malthusian Epoch". American Economic Review. 101 (5): 2003–2041. doi:10.1257/aer.101.5.2003. PMC4262154. PMID 25506082.
^Franck, Raphaël; Galor, Oded (2016). "Technology-Skill Complementarity in the Early Phase of Industrialization". IZA Discussion Papers 9758 - Institute for the Study of Labor (IZA). de Pleijt, Alexandra; Nuvolari, Alessandro; Weisdorf, Jacob (2018). "Human Capital Formation during the First Industrial Revolution: Evidence from the Use of Steam Engines". CEPR Discussion Papers 12987.
^Becker, Sascha; Cinnirella, Francesco; Woessmann, Ludger (2010). "The trade-off between fertility and education: evidence from before the demographic transition" (PDF). Journal of Economic Growth. 15 (3): 177–204. doi:10.1007/s10887-010-9054-x. hdl:1893/1598. S2CID 16014490. Murphy, Tommy (2015). "Old habits die hard (sometimes)". Journal of Economic Growth. 20 (2): 177–222. doi:10.1007/s10887-015-9111-6. S2CID 154506639. Fernihough, Alan (2017). "Human capital and the quantity–quality trade-off during the demographic transition" (PDF). Journal of Economic Growth. 22 (1): 35–65. doi:10.1007/s10887-016-9138-3. Klemp, Marc; Weisdorf, Jacob (2018). "Fecundity, Fertility and the Formation of Human Capital". Economic Journal. (forthcoming). Shiue, Carol H. (2017). "Human capital and fertility in Chinese clans before modern growth" (PDF). Journal of Economic Growth. 22 (4): 351–396. doi:10.1007/s10887-017-9148-9. S2CID 73715675.
^Lagerlöf, Nils-Petter (2006). "The Galor-Weil Model Revisited: A Quantitative Exercise". Review of Economic Dynamics. 9 (1): 116–142. doi:10.1016/j.red.2005.07.002.
^Galor, Oded; Moav, Omer (2002). "Natural Selection and the Origin of Economic Growth". The Quarterly Journal of Economics. 117 (4): 1133–1191. doi:10.1162/003355302320935007. hdl:10419/80194.
^Galor, Oded; Klemp, Mark (2018). "Human Genealogy Establishes Selective Advantage to Moderate Fertility". {{cite journal}}: Cite journal requires |journal= (help)
^Collins, Jason; Baer, Boris; Weber, Ernst Juerg (2014). "Economic Growth And Evolution: Parental Preference For Quality And Quantity Of Offspring" (PDF). Macroeconomic Dynamics. 18 (8): 1773–1796. doi:10.1017/s1365100513000163. S2CID 28274524.
January 01, 1970
unified, growth, theory, developed, light, alleged, failure, endogenous, growth, theory, capture, empirical, regularities, growth, processes, their, contribution, momentous, rise, inequality, across, nations, past, centuries, suggests, that, during, most, huma. Unified growth theory was developed in light of the alleged failure of endogenous growth theory to capture key empirical regularities in the growth processes and their contribution to the momentous rise in inequality across nations in the past two centuries 1 2 3 4 Unified growth theory suggests that during most of human existence technological progress was offset by population growth and living standards were near subsistence across time and space 5 6 The testable predictions of the theory and its underlying mechanisms have been confirmed in empirical and quantitative research in the past decade and have inspired intensive exploration of the impact of historical and pre historical forces on comparative economic development and the disparity in the wealth of nations 7 8 9 d the theory as a whole was explored quantitatively 10 11 Traits that were complementary to the technological environment generated higher level of income and therefore higher reproductive success Testable predictions of this evolutionary theory and its underlying mechanisms have been confirmed empirically 12 and quantitatively 13 References edit Galor Oded 2011 Unified Growth Theory Princeton Princeton University Press ISBN 9781400838868 Galor Oded 2005 From Stagnation to Growth Unified Growth Theory In Philippe Aghion amp Steven Durlauf eds Handbook of Economic Growth Amsterdam Elsevier Edition 1 volume 1 chapter 4 171 293 Galor Oded Weil David N 2000 Population Technology and Growth From Malthusian Stagnation to the Demographic Transition and Beyond PDF American Economic Review 90 4 806 828 doi 10 1257 aer 90 4 806 Ashraf Quamrul Galor Oded 2011 Dynamics and Stagnation in the Malthusian Epoch American Economic Review 101 5 2003 2041 doi 10 1257 aer 101 5 2003 PMC 4262154 PMID 25506082 Komlos John Artzrouni Marc 1990 Mathematical Investigations of the Escape from the Malthusian Trap PDF Mathematical Population Studies 2 4 269 287 doi 10 1080 08898489009525313 PMID 12283330 Artzrouni Marc 1985 Population Growth through History and the Escape from the Malthusian Trap A Homeostatic Simulation Model PDF Genus 41 pp 3 4 21 40 The Industrial Revolution as the Escape from the Malthusian Trap Journal of European Economic History 29 2 3 307 331 2000 Ashraf Quamrul Galor Oded 2011 Dynamics and Stagnation in the Malthusian Epoch American Economic Review 101 5 2003 2041 doi 10 1257 aer 101 5 2003 PMC 4262154 PMID 25506082 Franck Raphael Galor Oded 2016 Technology Skill Complementarity in the Early Phase of Industrialization IZA Discussion Papers 9758 Institute for the Study of Labor IZA de Pleijt Alexandra Nuvolari Alessandro Weisdorf Jacob 2018 Human Capital Formation during the First Industrial Revolution Evidence from the Use of Steam Engines CEPR Discussion Papers 12987 Becker Sascha Cinnirella Francesco Woessmann Ludger 2010 The trade off between fertility and education evidence from before the demographic transition PDF Journal of Economic Growth 15 3 177 204 doi 10 1007 s10887 010 9054 x hdl 1893 1598 S2CID 16014490 Murphy Tommy 2015 Old habits die hard sometimes Journal of Economic Growth 20 2 177 222 doi 10 1007 s10887 015 9111 6 S2CID 154506639 Fernihough Alan 2017 Human capital and the quantity quality trade off during the demographic transition PDF Journal of Economic Growth 22 1 35 65 doi 10 1007 s10887 016 9138 3 Klemp Marc Weisdorf Jacob 2018 Fecundity Fertility and the Formation of Human Capital Economic Journal forthcoming Shiue Carol H 2017 Human capital and fertility in Chinese clans before modern growth PDF Journal of Economic Growth 22 4 351 396 doi 10 1007 s10887 017 9148 9 S2CID 73715675 Lagerlof Nils Petter 2006 The Galor Weil Model Revisited A Quantitative Exercise Review of Economic Dynamics 9 1 116 142 doi 10 1016 j red 2005 07 002 Galor Oded Moav Omer 2002 Natural Selection and the Origin of Economic Growth The Quarterly Journal of Economics 117 4 1133 1191 doi 10 1162 003355302320935007 hdl 10419 80194 Galor Oded Klemp Mark 2018 Human Genealogy Establishes Selective Advantage to Moderate Fertility a href Template Cite journal html title Template Cite journal cite journal a Cite journal requires journal help Collins Jason Baer Boris Weber Ernst Juerg 2014 Economic Growth And Evolution Parental Preference For Quality And Quantity Of Offspring PDF Macroeconomic Dynamics 18 8 1773 1796 doi 10 1017 s1365100513000163 S2CID 28274524 Retrieved from https en wikipedia org w index php title Unified growth theory amp oldid 1214846545, wikipedia, wiki, book, books, library,
