Endogenous Technological Change, Long Run Growth and Spatial Interdependence: A Survey

Peter Nijkamp and Jacques Poot

Chapter 11 in Innovative Behaviour in Space and Time, 1997, pp 213-238 from Springer

Abstract: Abstract After extensive development of theories of economic growth in the 1950s and 1960s, the subject received relatively little attention in the 1970s and most of the 1980s. Yet a new wave of interest emerged in the late 1980s. The influential articles by Paul Romer (1986) and by Robert Lucas (1988) led to several theoretical and empirical research programmes. Surveys of the ’New Growth Theories’ and their relationship with the standard neoclassical model (Solow 1956) have already emerged in special journal issues (e.g. Ehrlich 1990, Stern 1991, Romer 1994), while a range of models can also be found in the books by Grossman and Helpman (1991), Barro and Sala-i-Martin (1995) and Pasinetti and Solow (1994). These theories emphasize the role of externalities in technological change (Romer 1986), specialization and trade (Grossman and Helpman 1990a), monopoly rents from innovation and “creative destruction” (Aghion and Howitt 1992), human capital (Becker et al. 1990) and government policy (Rebelo 1991).

Keywords: Technological Change; American Economic Review; Capital Accumulation; Income Elasticity; Human Capital Accumulation (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-3-642-60720-2_11

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