Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/313156 
Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] Journal of Economic Growth [ISSN:] 1573-7020 [Volume:] 28 [Issue:] 2 [Publisher:] Springer US [Place:] New York, NY [Year:] 2022 [Pages:] 173-224
Verlag: 
Springer US, New York, NY
Zusammenfassung: 
This research develops an expanded unified growth theory that incorporates the endogenous accumulation of physical capital, population, human capital, and technology. The model incorporates a complementarity between physical capital and human capital and can be extended to a multi-country setting with international technology diffusion. The analytical characterization of the mechanisms behind the observed patterns of long-run growth and comparative development delivers a consistent explanation for a large set of seemingly unrelated empirical facts. A quantitative multi-country version of the model matches various empirical regularities of long-run growth dynamics and comparative development patterns that have previously been studied in isolation. The findings also shed new light on the role of the demographic transition for convergence patterns, the specification of cross-country growth regressions, technology spillovers, and the secular stagnation debate.
Schlagwörter: 
Unified growth
Long-run development
Demographic transition
Secular stagnation
JEL: 
O47
O11
O15
E24
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Dokumentart: 
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