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http://hdl.handle.net/10419/66016
  
Title:The history augmented Solow model PDF Logo
Authors:Dalgaard, Carl-Johan
Strulik, Holger
Issue Date:2010
Series/Report no.:Discussion Paper, Wirtschaftswissenschaftliche Fakultät, Leibniz Universität Hannover 460
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.
Subjects:Comparative Development
Unified Growth Theory
Neoclassical Growth Theory
JEL:O11
O57
Document Type:Working Paper
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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