G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11973
DP11973 Growing, Shrinking and Long Run Economic Performance: Historical Perspectives on Economic Development
Stephen Broadberry; John Wallis
发表日期2017-04-19
出版年2017
语种英语
摘要Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved over time, the short run rate of growing has typically declined rather than increased. Most analysis of the process of economic development has hitherto focused on increasing the rate of growing. Here, we focus on understanding the forces making for a reduction in the rate of shrinking, drawing a distinction between proximate and ultimate factors. The main proximate factors considered are (1) structural change (2) technological change (3) demographic change and (4) the changing incidence of warfare. We conclude with a consideration of institutional change as the key ultimate factor behind the reduction in shrinking.
主题Economic History
URLhttps://cepr.org/publications/dp11973
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540784
推荐引用方式
GB/T 7714
Stephen Broadberry,John Wallis. DP11973 Growing, Shrinking and Long Run Economic Performance: Historical Perspectives on Economic Development. 2017.
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