The History Augmented Solow Model

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningfagfællebedømt

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.
TidsskriftEuropean Economic Review
Udgave nummer1
Sider (fra-til)134–149
Antal sider16
StatusUdgivet - 1 okt. 2013

Bibliografisk note

Jel Classification: O11; O57

ID: 46862748