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

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Carl-Johan Dalgaard
Claus Thustrup Kreiner

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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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Article provided by Blackwell Publishing 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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  1. Creina Day, 2006. "Population and Endogenous Growth," ANUCBE School of Economics Working Papers 2006-475, Australian National University, College of Business and Economics, School of Economics. [Downloadable!]
  2. 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. [Downloadable!]
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