|Original language||English (US)|
|Title of host publication||The New Palgrave Dictionary of Economics|
|Editors||Steven Durlauf, Lawrence E Blume|
|State||Published - 2008|
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.