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Book production and the onset of modern economic growth
Baten, Jörg; van Zanden, Jan Luiten
Universitat Pompeu Fabra. Departament d'Economia i Empresa
Endogenous growth theory suggests that human capital formation plays a significant role for the wealth and poverty of nations. In contrast to previous studies which denied the role of human capital as a crucial determinant of for really long-term growth, we confirm its importance. Indicators of human capital like literacy rates are lacking for the period of 1450-1913; hence, we use per capita book production as a proxy for advanced literacy skills. This study explains how, and to what extent, growth disparities are a function of human capital formation.
Economic and Business History
book production
economic growth
human capital
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Working Paper

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