ISBN:
0080461131
Content:
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth interacts with development and cross-country convergence and divergence, how it interacts with industrial organization and in particular market structure, and how it interacts with organizations and institutional change. Simple, since all these aspects can be analyzed using the same elementary model. Empirically useful, as the framework generates a whole range of new microeconomic and macroeconomic predictions while it addresses empirical criticisms raised by other endogenous growth models in the literature.
In:
Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 67-110, 0080461131
In:
9780080461137
In:
9780444520418
In:
0444520414
In:
0444520414
In:
0080461131
In:
year:2005
In:
pages:67-110
Language:
English
DOI:
10.1016/S1574-0684(05)01002-6
URL:
Volltext
(Deutschlandweit zugänglich)
