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dc.contributor.authorCaspari, Volkeren
dc.contributor.authorPertz, Klausen
dc.date.accessioned2008-12-15-
dc.date.accessioned2010-05-14T11:56:49Z-
dc.date.available2010-05-14T11:56:49Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/32055-
dc.description.abstractThe two-sector specific factor model is typically used in the theory of international trade where it helps to clarify the principle of comparative advantage. Instead, we use this model as explicit theoretical framework to explain major trends of long-run economic development. Combined with endogenous technical progress functions which assume that knowledge accumulates as a by-product of agricultural and manufacturing experience, the two-sector specific factors model can explain major historical trends and structural turnarounds. The technical progress functions establish the link between the agricultural and the manufacturing sector through the land-labour ratio, which is determined by the savings propensities of wage-earners, landlords and capitalists. This result is achieved by making use of the traditional investment = savings condition, without reference to complicated micro-based models of human capital accumulation.en
dc.language.isoengen
dc.publisher|aTechnische Universität Darmstadt, Department of Law and Economics |cDarmstadten
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics |x193en
dc.subject.jelE13en
dc.subject.jelN1en
dc.subject.jelO4en
dc.subject.ddc330en
dc.subject.keywordEconomic developmenten
dc.subject.keywordgrowthen
dc.subject.keywordIndustrial Revolutionen
dc.subject.keywordincome distributionen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwIndustrialisierungen
dc.subject.stwEinkommensverteilungen
dc.subject.stwEndogener technischer Fortschritten
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwTheorieen
dc.titleUnified growth based on the specific factors model-
dc.typeWorking Paperen
dc.identifier.ppn588004847en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:darddp:dar_35697en

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