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https://doi.org/10.1016/b978-0...
Part of book or chapter of book . 2015 . Peer-reviewed
License: Elsevier TDM
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Economic Growth

Authors: David de la CROIX;

Economic Growth

Abstract

Abstract: The first challenge for economic growth theory is to understand the transition from stagnation to growth at the time of the Industrial Revolution and in particular to identify the main factor(s) that triggered the take-off. Doing so also helps to understand why there are poor and rich countries today, and whether the poorest ones will ultimately catch-up. This chapter reviews the main theories of growth, including the Malthus model (useful to understand stagnation), the neo-classical model where technical progress is the engine of growth, the endogenous growth model where growth is self-sustained and policy is of particular importance for the long-run, and unified growth theory, providing the big picture and linking the growth take-off to the demographic transition.

Related Organizations
Keywords

Stagnation, Capital, Fertility, Mortality, Education, Human Capital, Convergence, Poverty trap, Technical Progress, Decline, Inequality, jel: jel:O40

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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    influence
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
2
Average
Average
Average