IDEAS home Printed from https://ideas.repec.org/a/cup/macdyn/v22y2018i06p1695-1720_00.html
   My bibliography  Save this article

Macroeconomic Dynamics Survey: Endogenous Growth Theory And Models: The “First Wave,” 1952–1973

Author

Listed:
  • Spear, Stephen E.
  • Young, Warren

Abstract

This paper surveys the first stage in the development of models of endogenous growth over the two decades between 1952 and 1973, including seminal works by Arrow, Frankel, Phelps, Uzawa, and others as faculty and graduate students who interacted in the Stanford–Chicago–MIT–Yale Nexus. The paper also deals with American Economic Association (AEA) and Econometric Society (ES) conference sessions over the period 1964–1968 on growth, technical progress, and innovations and with the contributions in the 1967 Shell volume, in addition to dissertations, working papers, and book chapters by those involved in the “first wave” over the period 1965–1973. Finally, the paper considers the initial efforts at building more sophisticated models based on technical progress, human capital, increasing returns and imperfect competition, and the incompatibility between increasing returns with competitive equilibrium.

Suggested Citation

  • Spear, Stephen E. & Young, Warren, 2018. "Macroeconomic Dynamics Survey: Endogenous Growth Theory And Models: The “First Wave,” 1952–1973," Macroeconomic Dynamics, Cambridge University Press, vol. 22(6), pages 1695-1720, September.
    • Handle: RePEc:cup:macdyn:v:22:y:2018:i:06:p:1695-1720_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1365100516000845/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:macdyn:v:22:y:2018:i:06:p:1695-1720_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/mdy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.