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-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is … slowly. The economy endogenously undergoes a demographic transition in which the traditionally positive relationship between …
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-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is … slowly. The economy endogenously undergoes a demographic transition in which the traditionally positive relationship between …
Persistent link: https://www.econbiz.de/10012472002
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...
Persistent link: https://www.econbiz.de/10012475495
This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...
Persistent link: https://www.econbiz.de/10013138393