TY - JOUR
T1 - The History Augmented Solow Model
AU - Dalgaard, Carl-Johan Lars
AU - Strulik, Holger
N1 - Jel Classification: O11; O57
PY - 2013/10/1
Y1 - 2013/10/1
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
U2 - 10.1016/j.euroecorev.2013.07.001
DO - 10.1016/j.euroecorev.2013.07.001
M3 - Journal article
SN - 0014-2921
VL - 63
SP - 134
EP - 149
JO - European Economic Review
JF - European Economic Review
IS - 1
M1 - 9
ER -