The scientific revolution and its role in the transition to sustained economic growth

Tscheuschner, Paul; Lehmann-Hasemeyer, Sibylle; Prettner, Klaus

The scientific revolution and its role in the transition to sustained economic growth

dc.contributor.author	Tscheuschner, Paul	de
dc.contributor.author	Lehmann-Hasemeyer, Sibylle	de
dc.contributor.author	Prettner, Klaus	de
dc.date.accessioned	2024-04-08T08:58:56Z
dc.date.available	2024-04-08T08:58:56Z
dc.date.created	2020-04-22
dc.date.issued	2020
dc.description.abstract	We propose a Unified Growth model that analyzes the role of the Scientific 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.	en
dc.identifier.swb	1695647475
dc.identifier.uri	https://hohpublica.uni-hohenheim.de/handle/123456789/6496
dc.identifier.urn	urn:nbn:de:bsz:100-opus-17442
dc.language.iso	eng
dc.relation.ispartofseries	Hohenheim discussion papers in business, economics and social sciences; 2020,06
dc.rights.license	publ-mit-pod	en
dc.rights.license	publ-mit-pod	de
dc.rights.uri	http://opus.uni-hohenheim.de/doku/lic_mit_pod.php
dc.subject	Scientific revolution	en
dc.subject	Industrial revolution	en
dc.subject	Basic science	en
dc.subject	Applied science	en
dc.subject	Takeoff to sustained growth	en
dc.subject	Unified growth theory	en
dc.subject.ddc	330
dc.subject.gnd	Wissenschaftliche Revolution	de
dc.subject.gnd	Industrielle Revolution	de
dc.subject.gnd	Grundlagenforschung	de
dc.subject.gnd	Angewandte Wissenschaften	de
dc.subject.gnd	Wirtschaftswachstum	de
dc.subject.gnd	Nachhaltigkeit	de
dc.title	The scientific revolution and its role in the transition to sustained economic growth	de
dc.type.dcmi	Text	de
dc.type.dini	WorkingPaper	de
local.access	uneingeschränkter Zugriff	en
local.access	uneingeschränkter Zugriff	de
local.bibliographicCitation.publisherPlace	Universität Hohenheim	de
local.faculty.number	3	de
local.institute.number	520	de
local.opus.number	1744
local.series.issueNumber	2020,06
local.series.title	Hohenheim discussion papers in business, economics and social sciences
local.university	Universität Hohenheim	de
local.university.faculty	Faculty of Business, Economics and Social Sciences	en
local.university.faculty	Fakultät Wirtschafts- und Sozialwissenschaften	de
local.university.institute	Institute for Economics	en
local.university.institute	Institut für Volkswirtschaftslehre	de

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