The Simplest Unified Growth Theory

21 Pages Posted: 5 Jun 2008

See all articles by Holger Strulik

Holger Strulik

University of Goettingen (Gottingen) - School of Law, Economics, Social Sciences

Jacob Louis Weisdorf

University of Copenhagen - Department of Economics

Multiple version iconThere are 2 versions of this paper

Abstract

This paper provides a unified growth theory, i.e. a model that explains the very long-run economic and demographic development path of industrialized economies, stretching from the pre-industrial era to present-day and beyond. Making strict use of Malthus' (1798) so-called preventive check hypothesis - that fertility rates vary inversely with the price of food - the current study offers a new and straightforward explanation for the demographic transition and the break with the Malthusian era. The current framework lends support to existing unified growth theories and is well in tune with historical evidence about structural transformation.

Keywords: Economic Growth, Industrial Revolution, Population Growth, Structural Change

JEL Classification: J10, J13, O11, O14

Suggested Citation

Strulik, Holger and Weisdorf, Jacob Louis, The Simplest Unified Growth Theory. CEPR Discussion Paper No. DP6528. Available at SSRN: https://ssrn.com/abstract=1140055

Holger Strulik (Contact Author)

University of Goettingen (Gottingen) - School of Law, Economics, Social Sciences ( email )

Germany

Jacob Louis Weisdorf

University of Copenhagen - Department of Economics ( email )

Ă˜ster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

Register to save articles to
your library

Register

Paper statistics

Downloads
4
Abstract Views
439
PlumX Metrics