Endogenous Growth: A Knife Edge or the Razor's Edge?
AbstractAccording to much of the recent growth literature, the dramatic worldwide decline in fertility currently taking place should ultimately lead to global economic stagnation. This pessimistic prediction is not shared by the original innovation-based growth literature. In recent years, however, this strand of the literature has been criticized for resting on implausible knife-edge assumptions and for its inconsistency with available evidence. In this paper, we argue that this conclusion is unwarranted. Copyright The editors of the "Scandinavian Journal of Economics", 2002 .
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal The Scandinavian Journal of Economics.
Volume (Year): 105 (2003)
Issue (Month): 1 (03)
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
Other versions of this item:
- Carl-Johan Dalgaard & Claus Thustrup Kreiner, . "Endogenous Growth: A Knife-Edge or the Razor's Edge?," EPRU Working Paper Series 02-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, revised Feb 2002.
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