Four Centuries of British Economic Growth: The Roles of Technology and Population

Jakob Madsen, James Ang and Rajabrata Banerjee

MPRA Paper from University Library of Munich, Germany

Abstract: Using long historical data for Britain over the period 1620-2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the ability of two competing second-generation endogenous growth models to account for the British growth experience. The results suggest that innovative activity was an important force in shaping the Industrial Revolution and that the British growth experience is consistent with Schumpeterian growth theory.

Keywords: endogenous growth; British Industrial Revolution (search for similar items in EconPapers)
JEL-codes: O30 O40 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-evo and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (92)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/23510/1/MPRA_paper_23510.pdf original version (application/pdf)

Related works:
Journal Article: Four centuries of British economic growth: the roles of technology and population (2010)
Working Paper: Four Centuries of British Economic Growth: The Roles of Technology and Population (2010)
Working Paper: Four Centuries of British Economic Growth: The Roles of Technology and Population (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:23510

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().