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Transition to modern growth in Great Britain: The role of technological progress, adult mortality and factor accumulation

机译:英国向现代增长的过渡:技术进步,成人死亡率和因素积累的作用

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This paper proposes a framework inspired by the Unified Growth Theory and by the literature on structural change to assess the contribution of technology, adult mortality, workforce, and physical and human capital accumulation to the transition from Malthusian stagnation to modern growth. A calibrated version of the model is capable of reproducing the dynamics of Great Britain's (i.e. England, Wales and Scotland) economy during the period 1541-1914, matching both the timing of transition and the pattern of the main macroeconomic and demographic variables. Technological progress emerges as the prime mover until 1850, while thereafter the reduction in adult mortality and factors accumulation play the major role. (C) 2019 Elsevier B.V. All rights reserved.
机译:本文提出了一个框架,该框架受统一增长理论和有关结构变化的文献的启发,以评估技术,成年人死亡率,劳动力以及物质和人力资本积累对马尔萨斯停滞向现代增长过渡的贡献。该模型的校准版本能够再现1541-1914年期间英国(即英格兰,威尔士和苏格兰)经济的动态,并与过渡时间以及主要宏观经济和人口变量的模式相匹配。技术进步是直到1850年的原动力,而此后成人死亡率的降低和因素积累起着主要作用。 (C)2019 Elsevier B.V.保留所有权利。

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