Transitions in long run economic growth /
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Author / Creator: | Adams, Jonathan J., author. |
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Imprint: | 2016. Ann Arbor : ProQuest Dissertations & Theses, 2016 |
Description: | 1 electronic resource (112 pages) |
Language: | English |
Format: | E-Resource Dissertations |
Local Note: | School code: 0330 |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/11674612 |
Other authors / contributors: | University of Chicago. degree granting institution. |
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ISBN: | 9781339875507 |
Notes: | Advisors: Brent Neiman Committee members: Loukas Karabarbounis; Robert Lucas; Harald Uhlig. This item is not available from ProQuest Dissertations & Theses. Dissertation Abstracts International, Volume: 77-12(E), Section: A. English |
Summary: | Advanced economies undergo three transitions during their development: 1. They transition from a rural to an urban economy. 2. They transition from low income growth to high income growth. 3. Their demographics transition from initially high fertility and mortality rates to low modern levels. The timings of these transitions are correlated in the historical development of most advanced economies. I unify complementary theories of the transitions into a nonlinear model of endogenous long run economic and demographic change. The model reproduces the timing and magnitude of the transitions. Because the model captures the interactions between all three transitions, it is able to explain three additional empirical patterns: a declining urban-rural wage gap, a declining rural-urban family size ratio, and most surprisingly, that early urbanization slows development. |
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