Quantifying the Contribution of Technological Change to Economic Growth in Different Eras: A Review of the Evidence

Most economic historians would surely endorse Paul Romer's view expressed above that technological progress lies at the heart of long run economic growth. Long ago Kuznets identified the epoch of 'modern economic growth' as one where growth came to be driven by scientific and technological advance. And indeed, the experience of the first industrial revolution itself has been viewed as the triumph of "ingenuity rather than abstention" (McCloskey, 1981, p. 108).[...]

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Year of publication:	2003-09-01
Authors:	Crafts, Nicholas F. R.
Institutions:	London School of Economics and Political Science
Subject:	Innovation \| Wirtschaftswachstum \| Technische Entwicklung \| Selbstbeteiligung \| grade retention \| Kapitalakkumulation \| capital accumulation

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Extent:	601088 bytes 33 p. application/pdf
Series:	London School of Economics and Political Science - Publications Working Paper ; No. 79/03
Type of publication:	Book / Working Paper
Language:	English
Classification:	History of business administration ; Financial theory ; Industrial management ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870592