The paper shows how the original semi endogenous and balanced growth model of , and my extended version of it (), could be useful in explaining the key "stylized facts" of global long-term growth so far, and in predicting its dynamics in the future. During the last two centuries the sector of...

The types of technical progress currently referred to in the theory of economic growth will be passed in review and their relations studied in detail. Light will also be shed on the dependence of the long-run rate of growth, in the presence of a constant rate of saving, on the type of technical...