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Malthusian Trap? Fugeddaboutit

By ThinkProgress

"Malthusian Trap? Fugeddaboutit"

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From the “claim that’s sufficiently appealing that I haven’t read the underlying paper” file, here’s Charles Kenny:

Is Anywhere Stuck in a Malthusian Trap? is an unpublished short paper. The key features of the Malthusian model are that (i) income determines population growth, with rising wages increasing survival rates and (ii) there is a vital factor of production (land) which is fixed, implying decreased returns to scale for all other factors. The equilibrium state in such a model is a population living on subsistence incomes. The analysis in this paper suggests that (i) the link between income and population growth is (almost) everywhere broken and (ii) there is little evidence of declining returns to scale because of constraints imposed by land carrying capacity at the macro level anywhere. Population dynamics are being driven by non-income factors in a manner that is reducing population growth rates everywhere. At the same time, output is increasing everywhere, in a manner inconsistent with significantly declining returns to scale based on land being a vital factor of production.

Good news! If true, of course. Here’s his blog. This comes via Tyler Cowen.

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