Abstract
This paper considers the consequences of a large scale mortality shock arising from a famine or epidemic for long run economic and demographic development. The Great Irish Famine of 1845-1852 is taken as a case-study and is incorporated as an exogenous mortality shock into the type of long-run unified growth theory pioneered by Galor and Weil (1999, 2000), and modelled by Lagerlof (2003a,b) among others. Through calibration, the impact of such a mortality shock occurring on the cusp of a country's transition from a Malthusian to a Modern Growth regime is then depicted. (C) 2010 Elsevier B.V. All rights reserved.
Original language | English |
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Pages (from-to) | 1302-1314 |
Journal | Economic Modelling |
Volume | 27 |
Issue number | 5 |
DOIs | |
Publication status | Published - 2010 |
Subject classification (UKÄ)
- Applied Mechanics
Free keywords
- Unified growth theory
- Long-run growth
- Ireland
- Mortality