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Endogenous Growth, Productivity and Economic Policy: A Progress Report

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  • Peter Howitt

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.

Suggested Citation

  • Peter Howitt, 2004. "Endogenous Growth, Productivity and Economic Policy: A Progress Report," International Productivity Monitor, Centre for the Study of Living Standards, vol. 8, pages 3-15, Spring.
  • Handle: RePEc:sls:ipmsls:v:8:y:2004:1
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Productivity; Macroeconomic Policy; Investment; Competition; Research and Development; Endogenous Growth; Growth; Endogenous; Scale Effect; Patents; General Purpose Technologies;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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