Endogenous Growth: A Knife-Edge or the Razor's Edge?
AbstractAccording to much of the recent growth literature the dramatic worldwide fertility decline currently taking place should ultimately lead to global economic stagnation. This pessimistic prediction is not shared by the original innovation-based growth literature. However, this strand of literature has in recent year been criticized for resting on implausible knife-edge assumptions and for being inconsistent with available evidence. In this paper, we argue that this conclusion is unwarranted.
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Bibliographic InfoPaper provided by Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics in its series EPRU Working Paper Series with number 02-02.
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Date of revision: Feb 2002
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- Carl-Johan Dalgaard & Claus Thustrup Kreiner, 2003. "Endogenous Growth: A Knife Edge or the Razor's Edge?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 73-86, 03.
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- 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.
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