Growth take-offs

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary

Abstract

Following a phase of near-constant living standards lasting from Stone Age until the onset of the Industrial Revolution, a large number of countries have experienced growth takeoffs, in which stagnation gives way to sustained economic growth. What causes some countries to enter a growth takeoff while others remain poor? We discuss three mechanisms that can trigger a growth takeoff in a country previously trapped in poverty: fertility decline, structural change, and accelerating technological progress.
Original languageEnglish (US)
Title of host publicationThe New Palgrave Dictionary of Economics
EditorsSteven Durlauf, Lawrence E Blume
PublisherPalgrave Macmillan
ISBN (Electronic)978-1-349-58802-2
ISBN (Print)978-0-333-78676-5
StatePublished - 2008

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  • Cite this

    Doepke, M. (2008). Growth take-offs. In S. Durlauf, & L. E. Blume (Eds.), The New Palgrave Dictionary of Economics Palgrave Macmillan.