Growth with Quality-Improving Innovations: An Integrated Framework

Philippe Aghion and Peter Howitt

Chapter 02 in Handbook of Economic Growth, 2005, vol. 1, Part A, pp 67-110 from Elsevier

Abstract: In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth interacts with development and cross-country convergence and divergence, how it interacts with industrial organization and in particular market structure, and how it interacts with organizations and institutional change. Simple, since all these aspects can be analyzed using the same elementary model. Empirically useful, as the framework generates a whole range of new microeconomic and macroeconomic predictions while it addresses empirical criticisms raised by other endogenous growth models in the literature.

JEL-codes: O0 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (156)

Downloads: (external link)
http://www.sciencedirect.com/science/article/B7P5F ... bedbf0b28dcd82dfe969
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:grochp:1-02

Access Statistics for this chapter

More chapters in Handbook of Economic Growth from Elsevier
Bibliographic data for series maintained by Catherine Liu ().