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Persistent low fertility rates lead to lower population growth rates and eventually also to decreasing population sizes in most industrialized countries. There are fears that this demographic development is associated with declines in per capita GDP and possibly also increasing inequality of the...
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This study provides a unified growth theory to correctly predict the initially negative and subsequently positive …
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This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per … capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the …
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