Publications

Authors:

Fiaschi, Davide; Fioroni, Tamara

Title:

Transition to Modern Growth in Great Britain: the Role of Technological Progress, Adult Mortality and Factor Accumulation

Year:

2019

Type of item:

Articolo in Rivista

Tipologia ANVUR:

Articolo su rivista

Language:

Inglese

Format:

A Stampa

Referee:

Sì

Name of journal:

Structural Change and Economic Dynamics

ISSN of journal:

0954-349X

N° Volume:

51

:

Elsevier

Page numbers:

472-490

Keyword:

Human capital; Mortality; Demographic Transition; Industrial Revolution; Structural change; Unified Growth Theory

Short description of contents:

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 reproduc- ing 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.

Web page:

https://www.sciencedirect.com/science/article/abs/pii/S0954349X1830033X

Product ID:

107583

Handle IRIS:

11562/992942

Last Modified:

November 27, 2022

Bibliographic citation:

Fiaschi, Davide; Fioroni, Tamara, Transition to Modern Growth in Great Britain: the Role of Technological Progress, Adult Mortality and Factor Accumulation «Structural Change and Economic Dynamics» , vol. 51 , 2019 , pp. 472-490

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