UNDERSTANDING PER‐CAPITA INCOME GROWTH IN PREINDUSTRIAL EUROPE
模拟了一个具有现实生命周期结构和土地生产率随机加速增长的马尔萨斯模型，发现模拟经济体的差异与1800年前欧洲多国人均GDP数据相似，支持马尔萨斯模型对前工业化欧洲发展的解释力。
Abstract In a Malthusian environment, per‐capita incomes are stagnant, meaning they cannot exhibit sustained growth. However, they can still display volatility and persistence when hit by shocks. This article simulates a Malthusian model with realistic life‐cycle structure and stochastic and accelerating growth in land productivity. We find that differences across simulated economies are quantitatively similar to those found in recently compiled data over GDP per capita for several European countries before 1800. This speaks to the relevance of the Malthusian model for understanding preindustrial development in Europe, contrasting with contentions to the contrary in some of the existing literature.