| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966539 | Journal of Monetary Economics | 2013 | 16 Pages |
Abstract
⺠We develop a two-sector model of transition from stagnation to growth. ⺠In our model the modernization of agriculture is an endogenous result of productivity growth outside the agricultural sector. ⺠From various sources of historical data, we document several important facts about the transition in England around 1800. ⺠The predictions of our calibrated model are largely consistent the facts.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Dennis Tao Yang, Xiaodong Zhu,