nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2014‒02‒08
two papers chosen by
Matthew Baker
City University of New York

  1. Behavioral welfare economics and redistribution By FLEURBAEY, Marc; SCHOKKAERT, Erik
  2. Malthus and the Industrial Revolution: Evidence from a Time-Varying VAR By Samad Sarferaz; Alexander Rathke

  2. By: Samad Sarferaz (KOF Swiss Economic Institute, ETH Zurich, Switzerland); Alexander Rathke (KOF Swiss Economic Institute, ETH Zurich, Switzerland)
    Abstract: In the process of economic development economies grow through various regimes, each characterized by different demographic-economic interactions. The changes in these interactions are key elements in different explanations of the escape from Malthusian stagnation. We employ time-varying vector autoregressions, an approach that allows tracking this transition for England in the period between 1541 and 1870. The empirical findings suggest that the link between real wages and population growth was at work until the 19th century. Furthermore, we document changes in the propagation mechanism from real wages on population growth over time that feature prominently in Unified Growth Theory. Most remarkably, in contrast to earlier empirical literature we find strong effects of income on mortality after the 1750s.
    Keywords: Industrial Revolution, Malthusian Trap, Time-Varying, Vector Autoregression, Unified Growth Theory
    JEL: C32 J13 N13 O11
    Date: 2014–01

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