Arbeitspapier
The scientific revolution and its role in the transition to sustained economic growth
We propose a Unified Growth model that analyzes the role of the Scienti fic Revolution in the takeoff to sustained modern economic growth. Basic scientific knowledge is a necessary input in the production of applied knowledge, which, in turn, fuels productivity growth and leads to rising incomes. Eventually, rising incomes instigate a fertility transition and a takeoff of educational investments and human capital accumulation. In regions where scientific inquiry is severely constrained (for religious reasons or because of oppressive rulers), the takeoff to modern growth is delayed or might not occur at all. The novel mechanism that we propose for the latent transition towards the takeoff could contribute to our understanding of why sustained growth emerged first in Europe.
- Sprache
-
Englisch
- Erschienen in
-
Series: Hohenheim Discussion Papers in Business, Economics and Social Sciences ; No. 06-2020
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
One, Two, and Multisector Growth Models
- Thema
-
Scientific Revolution
Industrial Revolution
Basic Science
Applied Science
Takeoff to Sustained Growth
Unified Growth Theory
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lehmann-Hasemeyer, Sibylle H.
Prettner, Klaus
Tscheuschner, Paul
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
- (wo)
-
Stuttgart
- (wann)
-
2020
- Handle
- URN
-
urn:nbn:de:bsz:100-opus-17442
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lehmann-Hasemeyer, Sibylle H.
- Prettner, Klaus
- Tscheuschner, Paul
- Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften
Entstanden
- 2020
Ähnliche Objekte (12)
Public education, technological change and economic prosperity: semi-endogenous growth revisited
The implications of automation for economic growth and the labor share
The implications of automation for economic growth and the labor share of income
Public education and economic prosperity: Semi-endogenous growth revisited
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
Population aging and endogenous economic growth
The size of the middle class and educational outcomes: Theory and evidence from the Indian subcontinent
On the long-run growth effect of raising the retirement age
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Public education, technological change and economic prosperity: semi-endogenous growth revisited
The implications of automation for economic growth and the labor share
The implications of automation for economic growth and the labor share of income
Public education and economic prosperity: Semi-endogenous growth revisited
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
Population aging and endogenous economic growth
The size of the middle class and educational outcomes: Theory and evidence from the Indian subcontinent
On the long-run growth effect of raising the retirement age
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine
Rising longevity, increasing the retirement age, and the consequences for knowledge-based long-run growth
Public education, technological change and economic prosperity: semi-endogenous growth revisited
The implications of automation for economic growth and the labor share
The implications of automation for economic growth and the labor share of income
Public education and economic prosperity: Semi-endogenous growth revisited
Public education, technological change and economic prosperity
Public education and R&D-based economic growth
Population ageing and endogenous economic growth
Population aging and endogenous economic growth
The size of the middle class and educational outcomes: Theory and evidence from the Indian subcontinent
On the long-run growth effect of raising the retirement age
Innovation, Automation, and Inequality: Policy Challenges in the Race against the Machine