Four Centuries of British Economic Growth

The Roles of Technology and Population

Jakob B. Madsen, James B. Ang, Rajabrata Banerjee

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

Using long historical data for Britain over the period 1620–2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the ability of two competing second-generation endogenous growth models to account for the British growth experience. The results suggest that innovative activity was an important force in shaping the Industrial Revolution and that the British growth experience is consistent with Schumpeterian growth theory.
OriginalsprogEngelsk
TidsskriftJournal of Economic Growth
Vol/bind15
Udgave nummer4
Sider (fra-til)263-290
Antal sider27
ISSN1381-4338
DOI
StatusUdgivet - 2010

Citer dette

Madsen, Jakob B. ; Ang, James B. ; Banerjee, Rajabrata. / Four Centuries of British Economic Growth : The Roles of Technology and Population. I: Journal of Economic Growth. 2010 ; Bind 15, Nr. 4. s. 263-290.
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Four Centuries of British Economic Growth : The Roles of Technology and Population. / Madsen, Jakob B.; Ang, James B.; Banerjee, Rajabrata.

I: Journal of Economic Growth, Bind 15, Nr. 4, 2010, s. 263-290.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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