The Onset and Spread of Modern Economic Growth in Europe
An Empirical Test of a Catastrophe Model
Bibliographic Data
| ID | 7761200 |
|---|---|
| Authors | Emilio Casetti (The Ohio State University, corresponding author) |
| Year | 1989 |
| Volume | 21 |
| Issue | 11 |
| Pages | 1473-1489 |
| Publication date | 1989-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1068/a211473 |
| OpenAlex | W2000180875 |
| Language | EN |
| References cited | 17 |
Modern economic growth is associated with a striking acceleration in the growth of product per capita, which can be interpreted as the result of a switch from a premodern slowly moving equilibrium to a modern explosive disequilibrium growth. This switch corresponds to a ‘fold catastrophe’. In this paper, a catastrophe model of the onset and spread of modern economic growth is articulated and then tested by means of historical data. The results obtained support the notion that modern economic growth originated in England sometime during the eighteenth century and then spread throughout the rest of Europe by a process that had run its course by circa 1840
Catastrophe theory · Development economics · Disequilibrium · Economics · Keynesian economics · Per capita · Sociology · Demography · Economic Growth and Productivity · Economic theories and models · Engineering · History · Sustainable Development and Environmental Policy
Economic backwardness and economic growth.
Principles of econometrics.
Economic Growth of Nations
Regression Diagnostics
Generating Models by the Expansion Method
A test of the escape from the persistence of backwardness
Population and Economic Growth
The onset of modern economic growth
Mathematical Models of Economic Growth
Collective Self-Reliance of Developing Countries
The Next 200 Years
Economic Growth in History
Economic Backwardness in Historical Perspective
| Citation velocity | historical |
|---|---|
| Highly cited | No |