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dc.contributor.authorStrulik, Holgeren_US
dc.date.accessioned2009-03-26en_US
dc.date.accessioned2009-08-06T13:11:35Z-
dc.date.available2009-08-06T13:11:35Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/27223-
dc.description.abstractThis paper proposes a theory for the evolution of knowledge diffusion and growth over the very long run. A feedback mechanism between capital accumulation and knowledge spillovers creates a unified growth theory that explains a long epoch of (quasi-) stasis and an epoch of high growth linked by gradual economic take-off. It is shown how the feedback mechanism can explain the Great Divergence, the failure of less developed countries to attract capital from abroad, the productivity slowdown in fully developed countries, and why R&D effort, TFP growth, and income growth are jointly rising along the transition towards modern growth. Finally, it is explained how a First Industrial Revolution, brought forth by increasing propositional knowledge, triggered a Second Industrial Revolution from which onwards technological progress was increasingly produced by market R&D activities.en_US
dc.language.isoengen_US
dc.publisherFachbereich Wirtschaftswiss., Univ. Hannoveren_US
dc.relation.ispartofseriesDiscussion papers // School of Economics and Management of the Hanover Leibniz University 414en_US
dc.subject.jelO10en_US
dc.subject.jelO30en_US
dc.subject.jelO40en_US
dc.subject.jelE22en_US
dc.subject.ddc330en_US
dc.subject.keywordEndogenous growthen_US
dc.subject.keywordknowledge spilloversen_US
dc.subject.keywordR&Den_US
dc.subject.keywordglobalizationen_US
dc.subject.keywordunified growth theoryen_US
dc.subject.keywordproductivity slowdownen_US
dc.subject.keywordroaring twentiesen_US
dc.titleKnowledge and growth in the very long-runen_US
dc.typeWorking Paperen_US
dc.identifier.ppn594923433en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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