The History Augmented Solow model
Publikation: Working paper › Forskning
Dokumenter
- Dp-460
Forlagets udgivne version, 188 KB, PDF-dokument
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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Antal sider | 21 |
Status | Udgivet - 2010 |
- Det Samfundsvidenskabelige Fakultet
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ID: 23161333