Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71085
Authors: 
Dalgaard, Carl-Johan
Strulik, Holger
Year of Publication: 
2013
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 151
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

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