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Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27223
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Strulik, Holger | | en_US |
| dc.date.accessioned | | 2009-03-26 | | en_US |
| dc.date.accessioned | | 2009-08-06T13:11:35Z | | - |
| dc.date.available | | 2009-08-06T13:11:35Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/27223 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | Fachbereich Wirtschaftswiss., Univ. Hannover | | en_US |
| dc.relation.ispartofseries | | Discussion papers // School of Economics and Management of the Hanover Leibniz University 414 | | en_US |
| dc.subject.jel | | O10 | | en_US |
| dc.subject.jel | | O30 | | en_US |
| dc.subject.jel | | O40 | | en_US |
| dc.subject.jel | | E22 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Endogenous growth | | en_US |
| dc.subject.keyword | | knowledge spillovers | | en_US |
| dc.subject.keyword | | R&D | | en_US |
| dc.subject.keyword | | globalization | | en_US |
| dc.subject.keyword | | unified growth theory | | en_US |
| dc.subject.keyword | | productivity slowdown | | en_US |
| dc.subject.keyword | | roaring twenties | | en_US |
| dc.title | | Knowledge and growth in the very long-run | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 594923433 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover
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