The Role of Knowledge and Capital in Economic Growth

Sergio Rebelo

No wp-1998-149, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper discusses new ideas in growth theory focusing on how to make sustained growth feasible. It first reviews models that broadened the notion of capital to include human capital and the state of technology. The paper next surveys models which make technological progress endogenous by allowing firms to undertake investment aimed either at producing new goods or at developing new production methods.

Keywords: Economic development; Human capital; Knowledge management; Technological innovations (search for similar items in EconPapers)
Date: 1998
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