Croissance, innovation et éducation

Jules Nyssen

Annals of Economics and Statistics, 2000, issue 57, 125-157

Abstract: This paper focuses on the interaction between two sources of economic growth; namely education and innovation. Are successively considered two cases according to which of the two sources is the main engine of long run growth. An explanation is provided for the various phases that may be experienced by an economy during its development process. This process is always initiated in an extensive way by human capital accumulation, and may be sustained by an innovation driven "intensive" growth process. Innovation then appears clearly as the main component of Solow's residual. Nevertheless, innovation is not sustainable in economies which are structurally too poor. In this case, a permanent subsidy to education or innovation may allow the economy to durably escape from the poverty trap.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2000:i:57:p:125-157

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