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Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth

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  • Xavier Sala-i-Martin

Abstract

This paper explores the five simplest models of endogenous growth. We start with the AK model (Rebelo (1990)) and argue that all endogenous growth models can be viewed as variations or microfoundations of it. We then examine the Barro (1990) model of government spending and growth. Next we look at the Arrow-Sheshinskj-Romer model of learning by doing and externalities. The Lucas (1988) model of human capital accumulation is then considered. Finally, we present a simple model of R&D and growth.

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  • Xavier Sala-i-Martin, 1990. "Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth," NBER Working Papers 3564, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:3564
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    1. Ramser, Hans Jürgen, 1992. "Grundlagen der neuen Wachstumstheorie," Discussion Papers, Series I 261, University of Konstanz, Department of Economics.
    2. Cecilia Garcia Peñalosa, 1994. "Inequality and growth: a note on recent theories," Investigaciones Economicas, Fundación SEPI, vol. 18(1), pages 97-116, January.
    3. van de Klundert, Theo & Smulders, Sjak, 1995. "Strategies for Growth in a Macroeconomic Setting," The Manchester School of Economic & Social Studies, University of Manchester, vol. 63(4), pages 388-411, December.
    4. Theo Klundert & Lex Meijdam, 1993. "Endogenous growth and income distribution," Journal of Economics, Springer, vol. 58(1), pages 53-75, February.
    5. Stolpe, Michael, 1992. "Ansätze der neuen Wachstumstheorie: ein Literaturüberblick," Kiel Working Papers 508, Kiel Institute for the World Economy (IfW).
    6. Daniel Gama e Colombo, 2016. "Impact Assessment of Tax Incentives to Foster Industrial Innovation in Brazil: The Case of Law 11,196/05," Working Papers, Department of Economics 2016_30, University of São Paulo (FEA-USP).
    7. Verma, R. & Wilson, E.J., 2005. "Savings, Investment, Foreign Inflows and Economic Growth of the Indian Economy 1950-2001," Economics Working Papers wp05-23, School of Economics, University of Wollongong, NSW, Australia.
    8. Peter Kenyon, 1994. "Restoring Full Employment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 27(1), pages 31-46.
    9. Bode, Eckhardt, 1996. "Ursachen regionaler Wachstumsunterschiede: wachstumstheoretische Erklärungsansätze," Kiel Working Papers 740, Kiel Institute for the World Economy (IfW).
    10. Schneider, Johannes & Ziesemer, Thomas, 1994. "What's New and What's Old in New Growth Theory: Endogenous Technology, Microfoundation, and Growth Rate Predictions," MPRA Paper 56132, University Library of Munich, Germany.
    11. den Butter, F. A. G. & Wollmer, F. J., 1996. "An empirical model for endogenous technology in the Netherlands," Economic Modelling, Elsevier, vol. 13(1), pages 15-40, January.
    12. De Gregorio, Jose, 1993. "Inflation, taxation, and long-run growth," Journal of Monetary Economics, Elsevier, vol. 31(3), pages 271-298, June.
    13. Klodt, Henning, 1993. "Theorie der strategischen Handelspolitik und neue Wachstumstheorie als Grundlage für eine Industrie- und Technologiepolitik," Open Access Publications from Kiel Institute for the World Economy 2031, Kiel Institute for the World Economy (IfW).
    14. Fethi, Meryem Duygun & Fethi, Sami & Katircioglu, Salih Turan, 2008. "Does Trade Policy Matter in an Isolated Economy? A Case Study," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 61(4), pages 637-664.
    15. Thomas, Ingo P., 1994. "Eine Theorie des interregionalen Finanzausgleichs: Zum Verhältnis von Effizienz, Konvergenz und interregionaler Umverteilung," Kiel Working Papers 636, Kiel Institute for the World Economy (IfW).
    16. Wollmer, F.J. & Butter, F.A.G. den & Hassink, W.H.J., 1991. "Technical progress, endogenous growth and labour productivity : a survey," Serie Research Memoranda 0075, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    17. van Bergeijk, Peter A. G. & van Hagen, Gilbert H. A. & de Mooij, Ruud A. & van Sinderen, Jarig, 1997. "Endogenizing technological progress: The MESEMET Model," Economic Modelling, Elsevier, vol. 14(3), pages 341-367, July.
    18. Oyama, Masako, 2002. "Capital Market Imperfection and Economic Growth," Discussion Paper 105, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    19. Klodt, Henning, 1992. "Theorie der strategischen Handelspolitik und neue Wachstumstheorie als Grundlage für eine Industrie- und Technologiepolitik?," Kiel Working Papers 533, Kiel Institute for the World Economy (IfW).
    20. Chaudhri, D.P. & Wilson, E.J., 2000. "Agricultural Growth, Employment and Poverty: Theoretical and Empirical Explorations with Indian data (1970-1993)," Economics Working Papers wp00-06, School of Economics, University of Wollongong, NSW, Australia.
    21. Lau, Sau-Him Paul, 1995. "Welfare-maximizing vs. growth-maximizing shares of government investment and consumption," Economics Letters, Elsevier, vol. 47(3-4), pages 351-359, March.

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