Ec185-PS4-5-UGT-CD

Ec185-PS4-5-UGT-CD - Brown University Department of...

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Brown University Department of Economics Economics 283 Oded Galor Problem Sets IV-V A. UGT Consider UGT: 1. Some observers suggest that the Malthusian era is a period marked by stag- nation. Others have noted that this stagnation is deceiving and that technology . How can we reconcile between these viewpoints? 2. The average investment in human capital was negligible in the Malthusian era whereas in the second phase of industrialization it increased dramatically? Is it the Age of Enlightenment the brought about this change (i.e., is it a change in preferences?) What triggered this change according to UGT? 3. Why did the increase in the demand for human capital trigger a demographic transition? 4. Is the transition from stagnation to sustained economics growth inevitable? What are the dynamic forces that permitted economies to escape Malthusian
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Ec185-PS4-5-UGT-CD - Brown University Department of...

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