The Dynamics of Social Conflict during the Transition from Stagnation to Growth

Dmitry Veselov

Revue d'économie politique, 2019, vol. 129, issue 5, 833-859

Abstract: In this paper, we propose a two-sector endogenous growth model of transition from the period of pre-industrial stagnation to a sustainable growth regime. In the model the slight structural changes in the Malthusian world influence a proportion of power distribution between landowners and capitalists, and finally lead to the adoption of institutions, favoring industrial development. These changes trigger the non-drastic transition to the modern growth regime. The model can explain the dynamic and the intensity of conflict between landowners and capital holders during the transition process.

Keywords: Schumpeterian growth model; Endogenous institutions; contest-success function (search for similar items in EconPapers)
Date: 2019
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