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Title:Growth, development, and technological change PDF Logo
Authors:Grossmann, Volker
Steger, Thomas M.
Issue Date:2007
Series/Report no.:CESifo working paper 1913
Abstract:The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as well as vertical innovation and emphasizing important implications for growth policy. We address issues like the scale effect problem, directed technological change to understand the evolution of wage inequality, long-run divergence between the innovating North and the imitating South due to inappropriate technology in the South, the relationship between trade and growth, competition and R&D, and the role of imperfect capital markets for R&D-based growth.
JEL:O10
O30
O40
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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