From Malthus to Ohlin: Trade, industrialisation and distribution since 1500.
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this paper we present evidence on another, related phenomenon: the dramatic reversal in distributional tr...
| मुख्य लेखकों: | , |
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| स्वरूप: | Journal article |
| भाषा: | English |
| प्रकाशित: |
Springer
2005
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| _version_ | 1826296100460429312 |
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| author | O'Rourke, K Williamson, J |
| author_facet | O'Rourke, K Williamson, J |
| author_sort | O'Rourke, K |
| collection | OXFORD |
| description | A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this paper we present evidence on another, related phenomenon: the dramatic reversal in distributional trends -- from a steep secular fall to a steep secular rise in wage-land rent ratios -- which occurred some time early in the 19th century. What explains this reversal? While it may seem logical to locate the causes in the Industrial Revolutionary forces emphasized by endogenous growth theorists, we provide evidence that something else mattered just as much: the opening up of the European economy to international trade. |
| first_indexed | 2024-03-07T04:11:09Z |
| format | Journal article |
| id | oxford-uuid:c7db3da4-7a0b-4fe9-a98e-b6fcd4efb7f6 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T04:11:09Z |
| publishDate | 2005 |
| publisher | Springer |
| record_format | dspace |
| spelling | oxford-uuid:c7db3da4-7a0b-4fe9-a98e-b6fcd4efb7f62022-03-27T06:48:15ZFrom Malthus to Ohlin: Trade, industrialisation and distribution since 1500.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c7db3da4-7a0b-4fe9-a98e-b6fcd4efb7f6EnglishDepartment of Economics - ePrintsSpringer2005O'Rourke, KWilliamson, JA recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this paper we present evidence on another, related phenomenon: the dramatic reversal in distributional trends -- from a steep secular fall to a steep secular rise in wage-land rent ratios -- which occurred some time early in the 19th century. What explains this reversal? While it may seem logical to locate the causes in the Industrial Revolutionary forces emphasized by endogenous growth theorists, we provide evidence that something else mattered just as much: the opening up of the European economy to international trade. |
| spellingShingle | O'Rourke, K Williamson, J From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title | From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title_full | From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title_fullStr | From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title_full_unstemmed | From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title_short | From Malthus to Ohlin: Trade, industrialisation and distribution since 1500. |
| title_sort | from malthus to ohlin trade industrialisation and distribution since 1500 |
| work_keys_str_mv | AT orourkek frommalthustoohlintradeindustrialisationanddistributionsince1500 AT williamsonj frommalthustoohlintradeindustrialisationanddistributionsince1500 |