15 Years of New Growth Economics : What Have we Learnt?
Abstract
Paul Romer’s paper Increasing Returns and Long Run Growth, now15 years old, led to a resurgence in the research on economic growth. Since then, growth literature has expanded dramatically and has shifted the research focus of many generations of macroeconomists. The new line of work has emphasized the role of human capital, social and political variables, as well as the importance of institutions as driving forces of long-run economic growth. This paper presents an insight into the theoretical and empirial literature of the past fifteen years, highlighting the most significant contributions for our understanding of economics.Download Info
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Article provided by Central Bank of Chile in its journal Economía Chilena.
Volume (Year): 5 (2002)
Issue (Month): 2 (August)
Pages: 5-15
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Keywords:Other versions of this item:
- Xavier Sala-i-Martin, 2001. "15 years of new growth economics: What have we learnt?," Economics Working Papers 620, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2002.
- Xavier Sala-i-Martin, 2002. "15 years of new growth economics: What have we learnt?," Discussion Papers 0102-47, Columbia University, Department of Economics.
- Xavier Sala-i-Martin, 2002. "15 Years of New Growth Economics: What Have We Learnt?," Working Papers Central Bank of Chile 172, Central Bank of Chile.
- O0 - Economic Development, Technological Change, and Growth - - General
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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