Abstract
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 language | English |
|---|---|
| Number of pages | 21 |
| Publication status | Published - 2010 |
Keywords
- Faculty of Social Sciences
- comparative development
- unified growth theory
- neoclassical growth theory