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Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
cege Discussion Papers No. 151
Verlag: 
University of Göttingen, Center for European, Governance and Economic Development Research (cege), Göttingen
Zusammenfassung: 
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.
Schlagwörter: 
comparative development
unified growth theory
neoclassical growth theory
JEL: 
O11
O57
Dokumentart: 
Working Paper

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