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Endogenous Growth: Lessons for and from Economic History

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  • Crafts, Nicholas

Abstract

The paper surveys both the usefulness of endogenous innovation models of growth in economic history and the implications of historical research for new growth theorists. It is suggested that economic historians should take endogenous innovation models seriously and that this will help them to integrate traditional historians' emphasis on the impact of institutions and policy with cliometric research. A review of historical research suggests that growth economists should pay more attention to learning effects and technological shocks. Further research into measurement issues is shown to be seriously needed, notably, into establishing the magnitude and sources of total factor productivity growth.

Suggested Citation

  • Crafts, Nicholas, 1996. "Endogenous Growth: Lessons for and from Economic History," CEPR Discussion Papers 1333, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1333
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Hans-Joachim Voth & Dan H. Andersen, 1997. "Neutrality and Mediterranean Shipping Under Danish Flag, 1750-1807," Economics Series Working Papers 1997-W18, University of Oxford, Department of Economics.
    2. Rossitsa Rangelova, 1999. "Endogenous Growth Theory: Rise and Developments," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-27.
    3. Rossitsa Rangelova, 1999. "Economic Growth in Transition CEECs: Implications for and of Modern Growth Theory," ERI-BAS Chapters,in: Mitko Dimitrov & Wladimir Andreff & Laszlo Csaba (ed.), Economies in Transition and the Variety of Capitalisms. Features, Changes, Convergence, edition 1, chapter 12, pages 102-126 Bulgarian Academy of Sciences - Economic Research Institute.
    4. Singh, Ajt, 2008. "Historical Examination of the Golden Age of Full Employment in Western Europe," MPRA Paper 24304, University Library of Munich, Germany.
    5. Musisi, A.A., 2006. "Physical public infrastructure and private sector output/productivity in Uganda: a firm level analysis," ISS Working Papers - General Series 19182, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

    More about this item

    Keywords

    Economic Growth; Endogenous Innovation; Total Factor Productivity;

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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