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Endogenous Growth, Productivity and Economic Policy: A Progress Report

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  • Peter Howitt

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Abstract

In recent years, our understanding of the sources of growth has been strongly influenced by endogenous growth theory. In the first article, Peter Howitt of Brown University, one of the leading researchers in the field, provides a progress report on the current state of the endogenous growth literature. Among the many policy insights discussed by Howitt are that policies fostering technology transfer provide countries with the ability to converge to the productivity growth rate of the technological leaders; that educational attainment, the health of the population, public infrastructure and tax policy are all important drivers of productivity growth; and that competition policy can actually spur innovation and hence growth through a variety of channels, including a desire on the part of firms to escape competition by remaining at the technological frontier.

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Bibliographic Info

Article provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.

Volume (Year): 8 (2004)
Issue (Month): (Spring)
Pages: 3-15

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Handle: RePEc:sls:ipmsls:v:8:y:2004:1

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Related research

Keywords: Productivity; Macroeconomic Policy; Investment; Competition; Research and Development; Endogenous Growth; Growth; Endogenous; Scale Effect; Patents; General Purpose Technologies;

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References

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Cited by:
  1. Priit Vahter, 2006. "Productivity in Estonian enterprises: the role of innovation and competition," Bank of Estonia Working Papers 2006-07, Bank of Estonia, revised 11 Dec 2006.
  2. Fidel Perez-Sebastian, 2012. "Understanding R&D Policy: Efficiency or Politics?," Review of Economics and Institutions, Università di Perugia, vol. 3(3).
  3. Andrew Atkeson & Ariel Burstein, 2011. "Aggregate implications of innovation policy," Staff Report 459, Federal Reserve Bank of Minneapolis.
  4. Andrew Sharpe, 2006. "Lessons for Canada from International Productivity Experience," CSLS Research Reports 2006-02, Centre for the Study of Living Standards.
  5. Carlo Vercellone, 2008. "La thèse du capitalisme cognitif : une mise en perspective historique et théorique," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00401880, HAL.
  6. Lamia YACOUB, 2009. "La politique économique dans la mondialisation : de la récusation au renouveau (The economic policy in the globalization : from the denial in the revival)," Working Papers 211, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.

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