The History Augmented Solow Model
Research output: Contribution to journal › Journal article › Research › peer-review
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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Article number | 9 |
Journal | European Economic Review |
Volume | 63 |
Issue number | 1 |
Pages (from-to) | 134–149 |
Number of pages | 16 |
ISSN | 0014-2921 |
DOIs | |
Publication status | Published - 1 Oct 2013 |
Bibliographical note
Jel Classification: O11; O57
- Faculty of Social Sciences - Comparative development , Unified Growth Theory, Neoclassical Growth Theory
Research areas
ID: 46862748