The History Augmented Solow Model

Research output: Contribution to journalJournal articleResearchpeer-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 languageEnglish
Article number9
JournalEuropean Economic Review
Volume63
Issue number1
Pages (from-to)134–149
Number of pages16
ISSN0014-2921
DOIs
Publication statusPublished - 1 Oct 2013

Bibliographical note

Jel Classification: O11; O57

ID: 46862748