Tuesday, November 16, 2010
Madsen et al.: Four centuries of British economic growth: The roles of technology and population
In a paper forthcoming in the Journal of Economic Growth* Jakob Madsen et al. test the ability of alternative endogenous growth theories to explain the British Industrial Revolution. They conclude that Schumpetarian growth theory can explain the data while "semi-endogenous growth theory" cannot. Madsen recently won an ARC fellowship to pursue this research further. Interestingly, when the change
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