In this paper we analyze the distribution of fertility rates across the world using parametric mixture models. We demonstrate the existence of twin peaks and the division of the world's countries in two distinct components: a high-fertility regime and a low fertility regime. Whereas the...

Unified Growth Theory explores the fundamental factors that have contributed to the remarkable transition from stagnation to growth and examines their significance for the understanding of the contemporary growth process of developed and less developed economies. Moreover, it sheds light on the...