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Unified Growth Theory Contradicted by the Absence of Takeoffs in the Gross Domestic Product

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  • Ron W. NIELSEN

    (Griffith University, Australia.)

Abstract

Data describing historical economic growth are analysed. They demonstrate convincingly that the take offs from stagnation to growth, claimed in the Unified Growth Theory, never happened. This theory is again contradicted by the same data which were used, but never properly analysed, during its formulation. The absence of the claimed takeoffs demonstrates that the postulate of the differential takeoffs is also contradicted by data. Furthermore, this analysis demonstrates that the mathematically-analysable data contradict the concept of the prolonged Malthusian stagnation, its effects on the economic growth as well as the concept of a dramatic escape from the Malthusian trap.

Suggested Citation

  • Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Absence of Takeoffs in the Gross Domestic Product," Turkish Economic Review, KSP Journals, vol. 3(1), pages 16-27, March.
    • Handle: RePEc:ksp:journ2:v:3:y:2016:i:1:p:16-27
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    File URL: http://www.kspjournals.org/index.php/TER/article/view/650
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    References listed on IDEAS

    as
    1. Oded Galor & Omer Moav, 2002. "Natural Selection and the Origin of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1133-1191.
    2. Oded Galor, 2005. "The Demographic Transition and the Emergence of Sustained Economic Growth," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 494-504, 04/05.
    3. Galor, Oded, 2007. "Multiple growth regimes - Insights from unified growth theory," Journal of Macroeconomics, Elsevier, vol. 29(3), pages 470-475, September.
    4. Oded Galor, 2011. "Unified Growth Theory," Economics Books, Princeton University Press, edition 1, number 9477.
    5. Ron W. NIELSEN, 2016. "Growth of the World Population in the Past 12,000 Years and Its Link to the Economic Growth," Journal of Economics Bibliography, KSP Journals, vol. 3(1), pages 1-12, March.
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    Cited by:

    1. Ron W Nielsen, 2016. "The unresolved mystery of the great divergence is solved," Papers 1603.08344, arXiv.org, revised May 2016.
    2. Ron W. NIELSEN, 2017. "Demographic Catastrophes Did Not Shape the Growth of Human Population or the Economic Growth," Journal of Economic and Social Thought, KSP Journals, vol. 4(2), pages 121-141, June.
    3. Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Mathematical Analysis of the Historical Growth of Human Population," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 242-263, June.

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    More about this item

    Keywords

    Historical economic growth; regimes of growth; Malthusian stagnation; takeoffs; Malthusian trap; hyperbolic growth.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • F01 - International Economics - - General - - - Global Outlook
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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