The Determinants of Income in a Malthusian Equilibrium

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Standard

The Determinants of Income in a Malthusian Equilibrium. / Sharp, Paul Richard; Strulik, Holger; Weisdorf, Jacob Louis.

I: Journal of Development Economics, Bind 97, Nr. 1, 2012, s. 112–117.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Sharp, PR, Strulik, H & Weisdorf, JL 2012, 'The Determinants of Income in a Malthusian Equilibrium', Journal of Development Economics, bind 97, nr. 1, s. 112–117. https://doi.org/10.1016/j.jdeveco.2010.12.004

APA

Sharp, P. R., Strulik, H., & Weisdorf, J. L. (2012). The Determinants of Income in a Malthusian Equilibrium. Journal of Development Economics, 97(1), 112–117. https://doi.org/10.1016/j.jdeveco.2010.12.004

Vancouver

Sharp PR, Strulik H, Weisdorf JL. The Determinants of Income in a Malthusian Equilibrium. Journal of Development Economics. 2012;97(1):112–117. https://doi.org/10.1016/j.jdeveco.2010.12.004

Author

Sharp, Paul Richard ; Strulik, Holger ; Weisdorf, Jacob Louis. / The Determinants of Income in a Malthusian Equilibrium. I: Journal of Development Economics. 2012 ; Bind 97, Nr. 1. s. 112–117.

Bibtex

@article{55ff124a7eea4e16853e67f7e79e4b3d,
title = "The Determinants of Income in a Malthusian Equilibrium",
abstract = "This study constructs a simple, two-sector Malthusian model with agriculture and industry, and uses it to identify the determinants of income in a Malthusian equilibrium. We make standard assumptions about preferences and technologies, but in contrast to existing studies we assume that children and other consumption goods are gross substitutes. Consistent with the conventional Malthusian model, the present theory shows that productivity growth in agriculture has no effect on equilibrium income. More importantly, we also show that equilibrium income varies, not just with the death rate as has recently been demonstrated in the literature, but also with the level of productivity in the industrial sector. An empirical analysis using data for pre-industrial England lends support to both hypotheses.",
author = "Sharp, {Paul Richard} and Holger Strulik and Weisdorf, {Jacob Louis}",
note = "JEL classification: J13; N1; 011",
year = "2012",
doi = "10.1016/j.jdeveco.2010.12.004",
language = "English",
volume = "97",
pages = "112–117",
journal = "Journal of Development Economics",
issn = "0304-3878",
publisher = "Elsevier",
number = "1",

}

RIS

TY - JOUR

T1 - The Determinants of Income in a Malthusian Equilibrium

AU - Sharp, Paul Richard

AU - Strulik, Holger

AU - Weisdorf, Jacob Louis

N1 - JEL classification: J13; N1; 011

PY - 2012

Y1 - 2012

N2 - This study constructs a simple, two-sector Malthusian model with agriculture and industry, and uses it to identify the determinants of income in a Malthusian equilibrium. We make standard assumptions about preferences and technologies, but in contrast to existing studies we assume that children and other consumption goods are gross substitutes. Consistent with the conventional Malthusian model, the present theory shows that productivity growth in agriculture has no effect on equilibrium income. More importantly, we also show that equilibrium income varies, not just with the death rate as has recently been demonstrated in the literature, but also with the level of productivity in the industrial sector. An empirical analysis using data for pre-industrial England lends support to both hypotheses.

AB - This study constructs a simple, two-sector Malthusian model with agriculture and industry, and uses it to identify the determinants of income in a Malthusian equilibrium. We make standard assumptions about preferences and technologies, but in contrast to existing studies we assume that children and other consumption goods are gross substitutes. Consistent with the conventional Malthusian model, the present theory shows that productivity growth in agriculture has no effect on equilibrium income. More importantly, we also show that equilibrium income varies, not just with the death rate as has recently been demonstrated in the literature, but also with the level of productivity in the industrial sector. An empirical analysis using data for pre-industrial England lends support to both hypotheses.

U2 - 10.1016/j.jdeveco.2010.12.004

DO - 10.1016/j.jdeveco.2010.12.004

M3 - Journal article

VL - 97

SP - 112

EP - 117

JO - Journal of Development Economics

JF - Journal of Development Economics

SN - 0304-3878

IS - 1

ER -

ID: 36064841