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Article

The dynamics of social conflict during the transition from stagnation to growth

In this paper, we propose a two-sector endogenous growth model of transition from
the period of pre-industrial stagnation to a sustainable growth regime. In the model
the slight structural changes in the Malthusian world influence a proportion of power
distribution between landowners and capitalists, and finally lead to the adoption of
institutions, favoring industrial development. These changes trigger the non-drastic
transition to the modern growth regime. The model can explain the dynamic and
the intensity of conflict between landowners and capital holders during the transition
process.