The DOI matches its Crossref record; 30 of the 30 references it cites were found in a registry or an index.
Malthus to Solow
Open accessAbstract
"A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also explains the industrial revolution, which is the transition from an era when per capita incomes are stagnant to one with sustained growth.... [The authors] use a standard growth model with...[several] technologies. The first, denoted the 'Malthus' technology, requires land, labor and reproducible capital as inputs. The second, denoted the 'Solow' technology, does not require land. [The authors] show that in the early stages of development, only the Malthus technology is used and, due to population growth, living standards are stagnant despite technological progress. Eventually, technological progress causes the Solow technology to become profitable and both technologies are employed. At this point, living standards improve since population growth has less influence on per capita income growth. In the limit, the economy behaves like a standard Solow growth model."
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Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Increasing returns and long-run growth
Romer, P. M. (1986) · Journal of Political Economy · doi:10.1086/261420 · Cited by 20,149
Technical Change and the Aggregate Production Function
Solow, R. M. (1957) · The Review of Economics and Statistics · doi:10.2307/1926047 · Cited by 12,259
Human Capital, Fertility, and Economic Growth
Becker, G. S., Murphy, K. M., & Tamura, R. (1990) · Journal of Political Economy · doi:10.1086/261723 · Cited by 1,988
The lever of riches: technological creativity and economic progress
(1990) · Choice Reviews Online · doi:10.5860/choice.28-1056 · Cited by 1,884
Population Growth and Technological Change: One Million B.C. to 1990
Kremer, M. (1993) · The Quarterly Journal of Economics · doi:10.2307/2118405 · Cited by 1,593
The Gender Gap, Fertility, and Growth
Galor, O., & Weil, D. (1993) · National Bureau of Economic Research · doi:10.3386/w4550 · Cited by 1,261
English Population History from Family Reconstitution 1580–1837
Wrigley, E. A., Davies, R. S., Oeppen, J. E., & Schofield, R. S. (1997) · Cambridge University Press eBooks · doi:10.1017/cbo9780511660344 · Cited by 881
Inequality and Growth: Why Differential Fertility Matters
de la Croix, D., & Doepke, M. (2003) · American Economic Review · doi:10.1257/000282803769206214 · Cited by 766
Dynamic Forces in Capitalist Development: A Long-run Comparative View.
Scott, M., & Maddison, A. (1992) · The Economic Journal · doi:10.2307/2234406 · Cited by 631
Cited by
Easterly, W. (2001) · The World Bank Economic Review · doi:10.1093/wber/15.2.177 · Cited by 1,443
Disease and Development: The Effect of Life Expectancy on Economic Growth
Acemoglu, D., & Johnson, S. (2007) · Journal of Political Economy · doi:10.1086/529000 · Cited by 1,290
The Effect of Financial Development on Convergence: Theory and Evidence*
Aghion, P., Howitt, P., & Mayer-Foulkes, D. (2005) · Quarterly Journal of Economics · doi:10.1162/qjec.2005.120.1.173 · Cited by 962
The Role of Energy in Economic Growth
Stern, D. I. (2011) · Annals of the New York Academy of Sciences · doi:10.1111/j.1749-6632.2010.05921.x · Cited by 617
Human capital and industrialization: Evidence from the age of enlightenment
Squicciarini, M. P., & Voigtländer, N. (2015) · The Quarterly Journal of Economics · doi:10.1093/qje/qjv025 · Cited by 384
Metadata
- Authors
- Hansen, G., & Prescott, E.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 1998-12
- Issue
- 6858
- Pages
- 24-24
- OpenAlex
- W3121456692
- Cited by
- 566
- References
- 30
- Type
- report
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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