Author
Angus Maddison
Other affiliations: Andrews University, Organisation for Economic Co-operation and Development
Bio: Angus Maddison is an academic researcher from University of Groningen. The author has contributed to research in topics: Productivity & World economy. The author has an hindex of 39, co-authored 113 publications receiving 14533 citations. Previous affiliations of Angus Maddison include Andrews University & Organisation for Economic Co-operation and Development.
Topics: Productivity, World economy, China, Per capita income, Population
Papers published on a yearly basis
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960 citations
Book•
01 Jan 1982TL;DR: In this paper, the authors deal with developments since 1870 in 16 of the more advanced capitalist countries, and divide the past century's experience into four phases, i.e., the Malthusian trap, the great transition, the slow-growth phase, the early stages, the middle stage, and the late stage.
Abstract: Until the eighteenth century, most of the world was caught in a Malthusian trap. Population rose about 0.04 per cent a year over the two millenia preceding 1700, and world income no faster. Since then, population has grown by 0.7 per cent a year and per capita income is a multiple of previous levels. Understandably, this transition has had a hypnotic fascination for economic historians. However, within the period of modern economic growth, there have also been distinct and important phases of development, less dramatic than the great transition, but equally worthy of study, definition and causal interpretation. These phases have characteristics which put constraints on the performance of individual countries, whether they be fast- or slow-growing. This paper deals with developments since 1870 in 16 of the more advanced capitalist countries, and divides the past century’s experience into four phases.
944 citations
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01 Jan 1988
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
19,093 citations
TL;DR: In this paper, the authors present a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity, which is essentially a competitive equilibrium model with endogenous technological change.
Abstract: This paper presents a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity. It is essentially a competitive equilibrium model with endogenous technological change. In contrast to models based on diminishing returns, growth rates can be increasing over time, the effects of small disturbances can be amplified by the actions of private agents, and large countries may always grow faster than small countries. Long-run evidence is offered in support of the empirical relevance of these possibilities.
18,200 citations
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
16,965 citations
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Abstract: Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopolistic competition. The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
12,469 citations
Posted Content•
TL;DR: In this paper, the authors show that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
Abstract: Growth in this model is driven by technological change that arises from intentional investment decisions made by profit maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported, and instead, the equilibriumis one with monopolistic competition. The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.
11,095 citations