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Endogenizing Investment in Tangible Assets, Education and New Technology

In: Finance, Research, Education and Growth

Author

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  • Dale W. Jorgenson

Abstract

The early 1970s marked the emergence of a rare professional consensus on economic growth, articulated in two strikingly dissimilar books. Simon Kuznets, the greatest of twentieth-century empirical economists, summarized his decades of research in Economic Growth of Nations (1971). The enormous impact of this research was recognized in the same year by the Royal Swedish Academy of Sciences in awarding the third Bank Prize in Economic Sciences in Memory of Alfred Nobel to Kuznets ‘for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development’.2

Suggested Citation

  • Dale W. Jorgenson, 2003. "Endogenizing Investment in Tangible Assets, Education and New Technology," Palgrave Macmillan Books, in: Luigi Paganetto & Edmund S. Phelps (ed.), Finance, Research, Education and Growth, chapter 9, pages 159-195, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-2023-2_9
    DOI: 10.1057/9781403920232_9
    as

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