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R&D, Learning, and Phases of Economic Growth

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  • Sorensen, Anders

Abstract

The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is below a threshold level, the model predicts that skills are accumulated as the only growth-generating activity, whereas both innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level of human capital reaches the threshold level because it becomes profitable to innovate. Copyright 1999 by Kluwer Academic Publishers

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  • Sorensen, Anders, 1999. "R&D, Learning, and Phases of Economic Growth," Journal of Economic Growth, Springer, vol. 4(4), pages 429-445, December.
  • Handle: RePEc:kap:jecgro:v:4:y:1999:i:4:p:429-45
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    References listed on IDEAS

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    1. Robert J. Barro, 2013. "Inflation and Economic Growth," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 121-144, May.
    2. Goodfriend, Marvin & McDermott, John, 1995. "Early Development," American Economic Review, American Economic Association, vol. 85(1), pages 116-133, March.
    3. Broadberry, Stephen N & Wagner, Karin, 1994. "Human Capital and Productivity in Manufacturing during the Twentieth Century: Britain, Germany and the United States," CEPR Discussion Papers 1036, C.E.P.R. Discussion Papers.
    4. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
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    Cited by:

    1. Vilalta-Bufi, Montserrat, 2010. "On the industry experience premium and labor mobility," Labour Economics, Elsevier, vol. 17(3), pages 547-555, June.
    2. Kogel, Tomas & Prskawetz, Alexia, 2001. "Agricultural Productivity Growth and Escape from the Malthusian Trap," Journal of Economic Growth, Springer, vol. 6(4), pages 337-357, December.
    3. Hernan Jaramillo Salazar & Carlos Pombo & Juan Miguel Gallego, 2002. "Incentivos fiscales en ciencia, tecnología e innovación: una revisión y análisis de la experiencia internacional," Borradores de Investigación 002828, Universidad del Rosario.

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