Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247112 
Year of Publication: 
2020
Series/Report no.: 
EHES Working Paper No. 182
Publisher: 
European Historical Economics Society (EHES), s.l.
Abstract: 
Unified Growth Theory postulates a transition from a Malthusian to a post-Malthusian era and finally to modern economic growth. Previous studies have been able to date the end of the post-Malthusian era, but none have conclusively established the timing of the end of the Malthusian era and thus transition to the post-Malthusian era. We consider the case of Denmark, which was characterized by extreme resource and environmental constraints until the final decades of the eighteenth century and thus presents a good candidate for a purely Malthusian society. We employ a cointegrated VAR model on Danish data from ca. 1733-1800, finding that evidence for diminishing returns, which characterize the "pure" Malthusian era, disappears after 1775, consistent with an increasing pace of technological progress.
Subjects: 
Cointegration
Denmark
Malthusian
post-Malthusian
JEL: 
J1
N33
O4
Document Type: 
Working Paper

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