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Endogenous innovation in the theory of growth

Author: Gene M Grossman; Elhanan Helpman
Publisher: Cambridge, MA (1050 Massachusetts Avenue, Cambridge, MA 02138) : National Bureau of Economic Research, [1993]
Series: Working paper series (National Bureau of Economic Research), no. 4527.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that bears on the modeling of long-run growth. Finally, we describe in more detail a model of growth based on  Read more...
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Additional Physical Format: Print version:
Grossman, Gene M.
Endogenous innovation in the theory of growth.
Cambridge, MA (1050 Massachusetts Avenue, Cambridge, MA 02138) : National Bureau of Economic Research, [1993]
(OCoLC)29435719
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Gene M Grossman; Elhanan Helpman
OCLC Number: 647497864
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (35, [1] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 4527.
Responsibility: Gene M. Grossman, Elhanan Helpman.

Abstract:

Abstract: This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that bears on the modeling of long-run growth. Finally, we describe in more detail a model of growth based on endogenous technological progress and discuss the lessons that such models can teach us.

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