ISBN:
0080461131
Content:
Despite its role as the centerpiece of modern growth theory, the Solow model is decidedly silent on some of its basic questions: Why is average growth in per capita income so much higher now than it was 200 years ago? Why is per capita income so much higher in the member countries of the OECD than in the less developed countries (LDC) of the world? In this chapter we review the recent literature on endogenous growth. We concentrate on convex models and we restrict attention to the case in which markets are competitive. After a brief review of the basic mechanisms that produces growth, we concentrate on three topics: the impact of fiscal policies on growth, the role of innovation and the relationship between uncertainty and growth.
In:
Handbook of economic growth ; 1A, Amsterdam : Elsevier, 2005, (2005), Seite 13-65, 0080461131
In:
9780080461137
In:
9780444520418
In:
0444520414
In:
0444520414
In:
0080461131
In:
year:2005
In:
pages:13-65
Language:
English
DOI:
10.1016/S1574-0684(05)01001-4
URL:
Volltext
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