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Endogenous Growth: A Knife Edge or the Razor's Edge?

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  • Carl-Johan Dalgaard
  • Claus Thustrup Kreiner

Abstract

According 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 Info

Article provided by Wiley Blackwell in its journal The Scandinavian Journal of Economics.

Volume (Year): 105 (2003)
Issue (Month): 1 (03)
Pages: 73-86

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Handle: RePEc:bla:scandj:v:105:y:2003:i:1:p:73-86

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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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Cited by:
  1. Prettner, Klaus & Bloom, David E. & Strulik, Holger, 2012. "Declining Fertility and Economic Well-Being: Do Education and Health Ride to the Rescue?," IZA Discussion Papers 6527, Institute for the Study of Labor (IZA).
  2. Norman Gemmell & Richard Kneller & Ismael Sanz, 2011. "The Timing and Persistence of Fiscal Policy Impacts on Growth: Evidence from OECD Countries," Economic Journal, Royal Economic Society, vol. 121(550), pages F33-F58, February.
  3. Creina Day, 2006. "Population and Endogenous Growth," ANU Working Papers in Economics and Econometrics 2006-475, Australian National University, College of Business and Economics, School of Economics.
  4. Christian Groth, 2004. "Innovation and growth: What have we learnt from the robustness debate?," Discussion Papers 04-29, University of Copenhagen. Department of Economics, revised Nov 2004.

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