Phases of economic development and the transitional dynamics of an innovation-education growth model

European Economic Review

Volumn 54, Issue 2, 2010, Pages 317-330

  Iacopetta, Maurizio ^a  

^a GEORGIA INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Education; Innovation; Transitional dynamics

Indexed keywords

ECONOMIC DEVELOPMENT; ECONOMIC THEORY; ENDOGENOUS GROWTH; GROWTH MODELING; HUMAN CAPITAL; INDUSTRIALIZATION; INNOVATION; TIME SERIES;

EID: 77549087238     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.euroecorev.2009.06.011     Document Type: Article

References (40)

1. Acemoglu D., Johnson S., and Robinson J. The rise of Europe: Atlantic trade, institutional change, and economic growth. American Economic Review 95 3 (2005) 546-579
2. Aghion P., and Howitt P. A model of growth through creative destruction. Econometrica 60 (1992) 323-702
3. Arnold L.G. Endogenous growth with physical capital, human capital and product variety: a comment. European Economic Review 44 8 (2000) 1599-1605
4. Baier S.L., Dwyer G.P., and Tamura R. How important are capital and total factor productivity for economic growth?. Economic Inquiry 44 1 (2006) 23-49
5. Bar, M., Leukhina O., 2008. The role of mortality in the transmission of knowledge. Manuscript.
6. Barro R.J. Rare disasters and asset markets in the twentieth century. Quarterly Journal of Economics 121 3 (2006) 823-866
7. Baumol W.J. The Free Market Innovation Machine: Analyzing the Growth Miracle of Capitalism (2002), Princeton University Press, Princeton, NJ
8. Baumol W.J. Education for innovation: entrepreneurial breakthroughs versus corporate incremental improvements. In: Adam B.J., Josh L., and Stern S. (Eds). Innovation Policy and the Economy vol. 5 (2005), MIT Press, Cambridge, London 33-56 (Cambridge: National Bureau of Economic Research)
9. Becker, G.S., Lewis, H.G., 1973. On the interaction between the quantity and quality of children. Journal of Political Economy, Part 2 81(2), S279-S88.
10. Becker G.S., Murphy K.M., and Tamura R. Human capital, fertility, and economic growth. Journal of Political Economy 98 5 (1990) S12-S37
11. Brunner M., and Strulik H. Solution of perfect foresight saddlepoint problems: a simple method and applications. Journal of Economic Dynamics and Control 26 5 (2002) 737-753
12. Clark G. The condition of the working-class in England, 1209-2004. Journal of Political Economy 113 6 (2005) 1307-1340
13. Clark G. A Farewell to Alms: A Brief Economic History of the World (2007), Princeton University Press, Princeton, NJ
14. Department of Health and Human Services, 2006. National Vital Statistics Reports, vol. 54, no. 19, June 28, 2006. National Center for Health Statistics (accessible through 〈www.dhhs.gov〉).
15. Funke M., and Strulik H. On endogenous growth with physical capital, human capital and product variety. European Economic Review 44 (2000) 491-515
16. Galor, O., Moav, O., Vollrath, D., 2006. Inequality in land ownership, the emergence of human capital promoting institutions, and great divergence. Working Papers: 2006-14, Brown University, Department of Economics.
17. Galor O. From stagnation to growth: unified growth theory. In: Aghion P., and Durlauf S. (Eds). Handbook of Economic Growth vol. 1A (2005), North-Holland, Amsterdam 171-292
18. Galor O., and Weil D.N. Population, technology and growth: from the Malthusian regime to the demographic transition. American Economic Review 90 (2000) 806-828
19. Greenwood J., and Seshadri A. Technological progress and economic transformation. In: Aghion P., and Durlauf S. (Eds). Handbook of Economic Growth vol. 1B (2005), North-Holland, Amsterdam 1225-1273
20. Grossman G.M., and Helpman E. Innovation and Growth in the Global Economy (1991), MIT Press, Cambridge, MA
21. Jones, B.F., 2005. The burden of knowledge and the 'death of the renaissance man': Is innovation getting harder? NBER Working Papers: 11360, National Bureau of Economic Research, Inc.
22. Jones C.I. Sources of U.S. economic growth in a world of ideas. American Economic Review 92 1 (2002) 220-239
23. Jovanovic B., and Rousseau P.L. General purpose technologies. In: Aghion P., and Durlauf S. (Eds). Handbook of Economic Growth vol. 1B (2005), North-Holland, Amsterdam 1181-1224
24. Landes D.S. The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present (1969), Cambridge University Press, Cambridge, MA
25. Lagerlof N.P. The Galor-Weil model revisited: a quantitative exercise. Review of Economic Dynamics 9 (2006) 116-142
26. Livi-Bacci M. A Concise History of World Population (1997), Blackwell, Oxford
27. Lucas Jr., R.E., 1988. On the mechanics and economic development. Journal of Monetary Economics 22, 3-42.
28. Maddison, A., 2007. World population, GDP and per capita GDP, 1-2003 AD. Available at 〈http://www.ggdc.net/maddison〉.
29. Mokyr, J., Stein, R., 1997. Science, health, and household technology: the effect of the Pasteur revolution on consumer demand. In: Timothy, F.B., Robert, J.G. (Eds.) The Economics of New Goods, Chicago University Press, pp. 143-206.
30. Mulligan C., and Sala-i-Martin X. Transitional dynamics in two-sector models of endogenous growth. Quarterly Journal of Economics 108 (1993) 739-763
31. Murphy K.M., Simon C., and Tamura R. Fertility decline, baby boom, and economic growth Murphy. Journal of Human Capital, Fall 2 3 (2008) 262-302
32. Romer P.M. Endogenous technological change. Journal of Political Economy, Part II 98 (1990) S71-S102
33. Rebelo S. Long-run policy analysis and long-run growth. Journal of Political Economy 99 3 (1991) 500-552
34. Schofer E., and Meyer J.W. The worldwide expansion of higher education in the twentieth century. American Sociological Review 70 (2005) 898-920
35. Schumpeter, J.A., 1934. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, 1949 ed. Harvard University Press, Cambridge, MA.
36. Siegel J. Stocks for the Long Run: The Definitive Guide to Financial Market Returns and Long Term Investment Strategies (1998), Irwin Professional Publishing, New York
37. Tamura R. Human capital and economic development. Journal of Development Economics 79 1 (2006) 26-72
38. Tamura, R., 2006b. Human Accomplishment: 800 BC to 1950 Public Choice, vol. 126, no. 3-4, March, pp. 485-503.
39. Uzawa H. Optimum technical change in an aggregative model of economic growth. International Economic Review 6 (1965) 18-31
40. White Jr. L. Medieval Technology and Social Change (1962), Clarendon Press, Oxford