Fanti, Luciano; Manfredi, Piero - In: Journal of Economic Development 28 (2003) 2, pp. 103-115
It is shown here that the Solow (1956) neo-classical growth paradigm not only explains the ¡°first¡± stylised fact of economic growth, namely the existence of a globally stable state of balanced growth, but, once endowed with a demographically founded formulation of the labour supply, is...