This paper presents an overview and assessment of the theoretical and empirical work on catch-up and growth, with particular emphasis on the impact of technology, and the consequences for developing countries. The point of departure is the neoclassical theory of economic growth, as laid out by Solow and other in the 1950s, and the applied work that followed ("growth accounting"). Then the contributions from economic historians and more heterodox economists, such as Schumpeter, Kaldor and others, are discussed, followed by an account of the most recent theoretical developments in this area ("new growth theory"). Finally an assessment is made of the lessons from the recent surge in empirical (econometric) work in this area.
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Paper provided by Centre for Technology, Innovation and Culture, University of Oslo in its series Working Papers Archives with number
1995524.
Length: 34 pages Date of creation: Jan 1995 Date of revision: Handle: RePEc:tik:wparch:1995524
Note: Originally published as NUPI working paper no.524, January 1995 Contact details of provider: Postal: Postboks 1108 Blindern N-0317 Oslo Phone: 22 84 16 00 Fax: : 22 84 16 01 Email: Web page: http://www.tik.uio.no/Innovation More information through EDIRC
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