The History Augmented Solow Model
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Unified growth theory predicts that the timing of the fertility transition is a key determinant of contemporary comparative development, as it marks the onset of the take-off to sustained growth. Neoclassical growth theory presupposes a take-off, and explains comparative development by variations in (subsequent) investment rates. The present analysis integrates these two perspectives empirically, and shows that they together constitute a powerful predictive tool vis-a-vis contemporary income differences.
Originalsprog | Engelsk |
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Artikelnummer | 9 |
Tidsskrift | European Economic Review |
Vol/bind | 63 |
Udgave nummer | 1 |
Sider (fra-til) | 134–149 |
Antal sider | 16 |
ISSN | 0014-2921 |
DOI | |
Status | Udgivet - 1 okt. 2013 |
Bibliografisk note
Jel Classification: O11; O57
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ID: 46862748