History, Spatial Structure, and Regional Growth: Lessons for Policy Making

Gunther Maier

Chapter 6 in Theories of Endogenous Regional Growth, 2011, pp 111-134 from Springer

Abstract: Abstract In recent years, we have seen some fundamental developments in economic theory concerning the understanding of economic growth. The traditional growth theory, which is based on the famous Solow-model (Solow, 1956), was replaced by a set of models and arguments that are commonly known as “new growth theory”. These developments are fundamental in the sense that they demonstrate that some of the basic assumptions of the traditional growth theory — and most of neo-classical economic theory in general — are inconsistent with basic phenomena of the modern economy, and that they attempt to overcome these assumptions.

Keywords: Spatial Structure; Capital Stock; Path Dependence; Labor Input; Growth Theory (search for similar items in EconPapers)
Date: 2011
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Working Paper: History, Spatial Structure, and Regional Growth: Lessons for Policy Making (1998)
Working Paper: History, spatial structure, and regional growth. Lessons for policy making (1998)
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DOI: 10.1007/978-3-642-59570-7_6

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