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Capital Accumulation, Learning, and Endogenous Growth

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  • van Marrewijk, Charles

Abstract

The author develops a growth model with three sectors of production (final goods, intermediate goods, and R&D), each with a different technology using three inputs (labor, capital, and knowledge), and combining elements from three strands of the literature (neoclassical growth, and AK and R&D endogenous growth). The paper suggests not only that capital accumulation and innovation are complementary processes, neither of which would take place in the long run without the other, but also that this process can be self-sustaining either through Hicks-neutral knowledge spillovers without capital accumulation or through Harrod-neutral knowledge spillovers with capital accumulation. Copyright 1999 by Royal Economic Society.

Suggested Citation

  • van Marrewijk, Charles, 1999. "Capital Accumulation, Learning, and Endogenous Growth," Oxford Economic Papers, Oxford University Press, vol. 51(3), pages 453-475, July.
    • Handle: RePEc:oup:oxecpp:v:51:y:1999:i:3:p:453-75
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    Citations

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    Cited by:

    1. Tsoukis, Christopher & Miller, Nigel James, 2008. "Learning, scale effects, and (very) long-run growth," Economic Modelling, Elsevier, vol. 25(3), pages 446-462, May.
    2. Viaene, J.-M. & Zilcha, I., 2001. "Human Capital Formation, Income Inequality and Growth," Papers 2001-13, Tel Aviv.
    3. Charles van Marrewijk & Koen Berden, 2004. "On the static and dynamic costs of trade restrictions," Macroeconomics 0412011, University Library of Munich, Germany.
    4. Loretti Dobrescu & Mihaela Neamtu & Dumitru Opris, 2013. "Deterministic and Stochastic Three-Sector Dynamic Growth Model with Endogenous Labour Supply," The Economic Record, The Economic Society of Australia, vol. 89(284), pages 99-111, March.
    5. Van Marrewijk, Charles & Berden, Koen G., 2007. "On the static and dynamic costs of trade restrictions for small developing countries," Journal of Development Economics, Elsevier, vol. 84(1), pages 46-60, September.
    6. Koen G. Berden & Charles van Marrewijk, 2001. "Maintenance Costs, Obsolescence, and Endogenous Growth," Tinbergen Institute Discussion Papers 01-060/2, Tinbergen Institute.
    7. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Public education under capital mobility," Journal of Economic Dynamics and Control, Elsevier, vol. 26(12), pages 2005-2036, October.
    8. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Capital markets integration, growth and income distribution," European Economic Review, Elsevier, vol. 46(2), pages 301-327, February.
    9. Sanidas, Elias, 2006. "The open system of four dynamic bio-socio-economic processes of the firm: The diamond of the black box," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(3), pages 556-582, June.

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