Slow Convergence? The New Endogenous Growth Theory and Regional Development

Ronald Martin and Peter Sunley

Economic Geography, 1998, vol. 74, issue 3, 201-227

Abstract: In economics, interest has revived in economic growth, especially in long-term convergence in per capita incomes and output between countries. This mainly empirical debate has promoted the development of endogenous growth theory, which seeks to move beyond conventional neoclassical theory by treating as endogenous those factors—particularly technological change and human capital— relegated as exogenous by neoclassical growth models. The economists at the forefront of the formulation of endogenous growth theory and the new growth empirics have begun to use long-term regional growth patterns to test and develop their ideas. Their analyses suggest that regional convergence is a slow and discontinuous process. In this paper we consider whether endogenous growth theory can help to explain this finding. We argue that endogenous growth theory has important regional implications, but also major limitations when applied to a regional context.endogenous growth,

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (146)

Downloads: (external link)
http://hdl.handle.net/10.1111/j.1944-8287.1998.tb00113.x (text/html)
Access to full text is restricted to subscribers.

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:taf:recgxx:v:74:y:1998:i:3:p:201-227

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/recg20

DOI: 10.1111/j.1944-8287.1998.tb00113.x

Access Statistics for this article

Economic Geography is currently edited by James Murphy

More articles in Economic Geography from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().