Endogenous Growth: A Knife-Edge or the Razor's Edge?

Carl-Johan Dalgaard and Claus Kreiner

No 02-02, EPRU Working Paper Series from Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

Abstract: According to much of the recent growth literature the dramatic worldwide fertility decline currently taking place should ultimately lead to global economic stagnation. This pessimistic prediction is not shared by the original innovation-based growth literature. However, this strand of literature has in recent year been criticized for resting on implausible knife-edge assumptions and for being inconsistent with available evidence. In this paper, we argue that this conclusion is unwarranted.

Date: 2002-02
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Journal Article: Endogenous Growth: A Knife Edge or the Razor's Edge?* (2003)
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