The History Augmented Solow model

Research output: Working paperResearch

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 languageEnglish
Number of pages21
Publication statusPublished - 2010

Bibliographical note

JEL classification: O11, O57

Number of downloads are based on statistics from Google Scholar and www.ku.dk


No data available

ID: 23161333