The history augmented Solow model
Carl-Johan Dalgaard () and
Holger Strulik ()
No 151, Center for European, Governance and Economic Development Research Discussion Papers from University of Goettingen, Department of Economics
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.
Keywords: comparative development; unified growth theory; neoclassical growth theory (search for similar items in EconPapers)
JEL-codes: O11 O57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-evo and nep-his
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Journal Article: The history augmented Solow model (2013)
Working Paper: The History Augmented Solow model (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cegedp:151
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