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https://hdl.handle.net/10419/27223
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Strulik, Holger | en |
dc.date.accessioned | 2009-03-26 | - |
dc.date.accessioned | 2009-08-06T13:11:35Z | - |
dc.date.available | 2009-08-06T13:11:35Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aLeibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät |cHannover | en |
dc.relation.ispartofseries | |aDiskussionsbeitrag |x414 | en |
dc.subject.jel | O10 | en |
dc.subject.jel | O30 | en |
dc.subject.jel | O40 | en |
dc.subject.jel | E22 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Endogenous growth | en |
dc.subject.keyword | knowledge spillovers | en |
dc.subject.keyword | R&D | en |
dc.subject.keyword | globalization | en |
dc.subject.keyword | unified growth theory | en |
dc.subject.keyword | productivity slowdown | en |
dc.subject.keyword | roaring twenties | en |
dc.title | Knowledge and growth in the very long-run | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 594923433 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:han:dpaper:dp-414 | en |
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