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From Malthus to Ohlin: Trade, Growth and Distribution Since 1500

Kevin O'Rourke () and Jeffrey Williamson ()

No 3394, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: 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.

Keywords: distribution; growth; malthus; trade (search for similar items in EconPapers)
JEL-codes: F10 N10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev and nep-hpe
Date: 2002-05
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