Arresting the Sword of Damocles: Dating the Transition to the Post-Malthusian Era in Denmark
Peter Jensen (),
Maja Uhre Pedersen,
Cristina Victoria Radu and
Paul Sharp ()
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Maja Uhre Pedersen: University of Southern Denmark
Cristina Victoria Radu: University of Southern Denmark
No 182, Working Papers from European Historical Economics Society (EHES)
Unified Growth Theory postulates a transition from a Malthusian to a post-Malthusian era and finally to modern economic growth. Previous studies have been able to date the end of the post-Malthusian era, but none have conclusively established the timing of the end of the Malthusian era and thus transition to the post-Malthusian era. We consider the case of Denmark, which was characterized by extreme resource and environmental constraints until the final decades of the eighteenth century and thus presents a good candidate for a purely Malthusian society. We employ a cointegrated VAR model on Danish data from ca. 1733-1800, finding that evidence for diminishing returns, which characterize the “pure” Malthusian era, disappears after 1775, consistent with an increasing pace of technological progress.
Keywords: Cointegration; Denmark; Malthusian; post-Malthusian (search for similar items in EconPapers)
JEL-codes: J1 N33 O4 (search for similar items in EconPapers)
Pages: 18 pages
New Economics Papers: this item is included in nep-env, nep-gro, nep-his and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:hes:wpaper:0182
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