Growth, development, and technological change
By: by Volker Grossmann, Thomas M. Steger.
Contributors: Steger, Thomas M.
Series: Discussion paper -- no. 2558; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2558
Publisher: IZA
Published: 2007
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Technological innovations -- Economic aspects.; Economic development.
Description: "The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of wage inequality, long-run divergence between the innovating North and the imitating South due to inappropriate technology in the South, the relationship between trade and growth, competition and R&D, and the role of imperfect capital markets for R&D-based growth"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 3/19/2007.

Includes bibliographical references.

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