Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32055
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dc.contributor.authorCaspari, Volkeren_US
dc.contributor.authorPertz, Klausen_US
dc.date.accessioned2008-12-15en_US
dc.date.accessioned2010-05-14T11:56:49Z-
dc.date.available2010-05-14T11:56:49Z-
dc.date.issued2008en_US
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.
dc.language.isoeng
dc.publisher|aTechnische Universität Darmstadt, Institut für Volkswirtschaftslehre |cDarmstadt
dc.relation.ispartofseries|aDarmstadt Discussion Papers in Economics|x193
dc.subject.jelE13en_US
dc.subject.jelN1en_US
dc.subject.jelO4en_US
dc.subject.ddc330
dc.subject.keywordEconomic developmenten_US
dc.subject.keywordgrowthen_US
dc.subject.keywordIndustrial Revolutionen_US
dc.subject.keywordincome distributionen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwIndustrialisierungen_US
dc.subject.stwEinkommensverteilungen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwTheorieen_US
dc.titleUnified growth based on the specific factors model
dc.typeWorking Paper
dc.identifier.ppn588004847en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen
dc.identifier.repecRePEc:zbw:darddp:dar_35697-

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