TY - UNPB
T1 - The History Augmented Solow model
AU - Dalgaard, Carl-Johan Lars
AU - Strulik, Holger
N1 - JEL classification: O11, O57
PY - 2010
Y1 - 2010
N2 - 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.
AB - 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.
KW - Faculty of Social Sciences
KW - comparative development
KW - unified growth theory
KW - neoclassical growth theory
M3 - Working paper
BT - The History Augmented Solow model
ER -