The Role of Education and Knowledge in Endogenous Growth

Luigi Paganetto and Pasquale Scandizzo

Chapter 6 in Finance, Research, Education and Growth, 2003, pp 90-104 from Palgrave Macmillan

Abstract: Abstract In 1962, Kenneth Arrow published an article ‘The Economic Implications of Learning by Doing’, based on the experience of the aeronautical industry, which soon became the reference point of a vast literature on endogenous evolution of technical progress, education and growth. Although Arrow’s article did not deal directly with the problems of technical progress and international trade, the link between the economies of learning and increases in productivity suggested a mechanism of accumulation and feedback that questioned the very foundation of comparative advantage in trade.

Keywords: Human Capital; Comparative Advantage; Product Innovation; Endogenous Growth; Technical Progress (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-2023-2_6

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DOI: 10.1057/9781403920232_6

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