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The history augmented Solow model

Carl-Johan Dalgaard and Holger Strulik
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. -- Comparative Development ; Unified Growth Theory ; Neoclassical Growth Theory
Year of publication:
2010
Authors: Dalgaard, Carl-Johan ; Strulik, Holger
Publisher: Hannover : [Wirtschaftswiss. Fak.], Leibniz Univ.
Subject: Entwicklung | Economic development | Vergleich | Comparison | Wachstumstheorie | Growth theory | Demografischer Übergang | Demographic transition | Investition | Investment | Theorie | Theory
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