Nils-Petter Lagerlöf 2001
Arbetsrapport 2001 nr. 1
These are the stylized facts of long-run economic and demographic development, as described by Galor and Weil (AER 1999, 2000): Under an initial Malthusian Regime the growth rates of population and per-capita income are both low. Then follows a Post-Malthusian Regime, with higher growth rates of both population and per-capita income. Finally, the economy transits into a Modern Growth Regime, with falling population growth rates, but accelerated growth rates of percapita income. This paper models the transition through all these three regimes endogenously.
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