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dc.contributor.authorAttar, M. Aykut
dc.date.accessioned2019-12-23T08:11:01Z
dc.date.available2019-12-23T08:11:01Z
dc.date.issued2015
dc.identifier.issn1864-6042
dc.identifier.urihttps://doi.org/10.5018/economics-ejournal.ja.2015-3
dc.identifier.urihttp://hdl.handle.net/11655/21241
dc.description.abstractThis paper constructs a two-sector unified growth model. Learning-by-doing in agriculture eventually allows the preindustrial economy to leave its Malthusian trap. But entrepreneurs in the manufacturing sector do not attempt invention if not much is known about natural phenomena. This delays the industrial revolution. Since entrepreneurs identify new useful knowledge at all times in a serendipitous way, the industrial revolution is an inevitable outcome. The paper characterizes the equilibrium path from ancient times to the infinite future. According with this characterization, the model economy successfully captures the qualitative aspects of England's unified growth experience.
dc.language.isoen
dc.publisherKiel Inst World Economy
dc.relation.isversionof10.5018/economics-ejournal.ja.2015-3
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBusiness & Economics
dc.titleEntrepreneurship, Knowledge, And The Industrial Revolution
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.relation.journalEconomics-The Open Access Open-Assessment E-Journal
dc.contributor.departmentİktisat
dc.identifier.volume9
dc.description.indexWoS
dc.description.indexScopus


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