The History Augmented Solow model
Research output: Working paper › Research
Documents
- Dp-460
Final published version, 188 KB, PDF document
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.
Original language | English |
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Number of pages | 21 |
Publication status | Published - 2010 |
Bibliographical note
JEL classification: O11, O57
- Faculty of Social Sciences - comparative development, unified growth theory, neoclassical growth theory
Research areas
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ID: 23161333