Endogenous Innovation in the Theory of Growth

Gene Grossman and Elhanan Helpman

No 4527, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that bears on the modeling of long-run growth. Finally, we describe in more detail a model of growth based on endogenous technological progress and discuss the lessons that such models can teach us.

Date: 1993-11
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Published as Grossman, Gene M & Helpman, Elhanan. "Endogenous Innovation in the Theory of Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 23-44, (Winter 1994)

Downloads: (external link)
http://www.nber.org/papers/w4527.pdf (application/pdf)

Related works:
Journal Article: Endogenous Innovation in the Theory of Growth (1994)
Working Paper: Endogenous Innovation in the Theory of Growth (1993)
Working Paper: Endogenous, Innovation in the Theory of Growth (1993)
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:nbr:nberwo:4527

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w4527

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().