From Malthus to Ohlin: Trade, Industrialisation and Distribution Since 1500
Kevin O’rourke and
Jeffrey Williamson ()
Authors registered in the RePEc Author Service: Kevin Hjortshøj O'Rourke ()
Journal of Economic Growth, 2005, vol. 10, issue 1, 5-34
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this paper we present evidence on another, related phenomenon: the dramatic reversal in distributional trends—from a steep secular fall to a steep secular rise in wage-land rent ratios—which occurred some time early in the 19th century. What explains this reversal? While it may seem logical to locate the causes in the Industrial Revolutionary forces emphasized by endogenous growth theorists, we provide evidence that something else mattered just as much: the opening up of the European economy to international trade. Copyright Springer Science+Business Media, Inc. 2005
Keywords: trade; industrial revolution; income distribution (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:jecgro:v:10:y:2005:i:1:p:5-34
Ordering information: This journal article can be ordered from
http://www.springer. ... th/journal/10887/PS2
Access Statistics for this article
Journal of Economic Growth is currently edited by Oded Galor
More articles in Journal of Economic Growth from Springer
Bibliographic data for series maintained by Sonal Shukla ().