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http://ssrn.com/abstract=592144
 
 

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Technological Progress and Economic Transformation


Jeremy Greenwood


University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)

Ananth Seshadri


University of Wisconsin - Madison - Department of Economics

September 2004

NBER Working Paper No. w10765

Abstract:     
Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples are: (i) the secular decline in fertility between 1800 and 1980, (ii) the decline in agricultural employment and the rise in skill since 1800, (iii) the demise of child labor starting around 1900, (iv) the increase in female labor-force participation from 1900 to 1980, (v) the baby boom from 1936 to 1972. Growth theory models are presented to address all of these facts. The analysis emphasizes the role of technological progress as a catalyst for economic transformation.

Number of Pages in PDF File: 62

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Date posted: September 29, 2004  

Suggested Citation

Greenwood, Jeremy and Seshadri, Ananth, Technological Progress and Economic Transformation (September 2004). NBER Working Paper No. w10765. Available at SSRN: http://ssrn.com/abstract=592144

Contact Information

Jeremy Greenwood (Contact Author)
University of Pennsylvania - Department of Economics ( email )
160 McNeil Building
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-1505 (Phone)
HOME PAGE: http://jeremygreenwood.net
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Ananth Seshadri
University of Wisconsin - Madison - Department of Economics ( email )
1180 Observatory Drive
Madison, WI 53706
United States
608-262-6196 (Phone)
608-263-3876 (Fax)
Feedback to SSRN


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