Is Anywhere Stuck in a Malthusian Trap?
The key features of the Malthusian model are that (i) income determines population growth, with rising wages increasing survival rates and (ii) there is a vital factor of production (land) which is fixed, implying decreased returns to scale for all other factors. The equilibrium state in such a mode...
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Format: | Journal Article |
Language: | EN |
Published: |
2012
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Online Access: | http://hdl.handle.net/10986/4619 |