Unified Growth Theory: an insight

Abstract

"The Unified Growth Theory is receiving increasing attention from growth theorists since the seminal work of Galor and Weil (1999, 2000). These authors emphasize the need for a unified theory of growth that could account for the transition from Malthusian Stagnation to the Modern Growth Regime (1999). This interest is motivated by the lack of explanation and knowledge regarding the historical evolution of the relationship among population growth, technological change and the standard of living. This paper gives an overview of the Unified Growth Theory, its determinants and its implications." (author's abstract)