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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 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 Info

Paper 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
Handle: RePEc:kud:epruwp:02-02

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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. 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.
  4. Creina Day, 2007. "Population and Endogenous Growth," DEGIT Conference Papers c012_006, DEGIT, Dynamics, Economic Growth, and International Trade.

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