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来源类型Working Paper
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DOI10.3386/w23547
来源IDWorking Paper 23547
What Was the Industrial Revolution?
Robert E. Lucas, Jr.
发表日期2017-06-26
出版年2017
语种英语
摘要At some point in the first half of the 19th century per capita GDP in the United Kingdom and the United States began to grow at something like one to two percent per year and have continued to do so up to the present. Now incomes in many economies routinely grow at 2 percent per year and some grow at much higher “catch-up” rates. These events surely represent a historical watershed, separating a traditional world in which incomes of ordinary working people remained low and fairly stable over the centuries from a modern world where incomes increase for every new generation. This paper uses Gary Becker’s theory of a “quantity/quality trade-off,” consistent both with Malthusian population dynamics (quantity) and with demographic transition (quality), to identify a limited set of forces that were central to this revolution.
主题History ; Development and Growth ; Development ; Growth and Productivity
URLhttps://www.nber.org/papers/w23547
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581220
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Robert E. Lucas, Jr.. What Was the Industrial Revolution?. 2017.
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