R&D, Learning, and Phases of Economic Growth

The role of learning and R&D in economic development is addressed in an endogenous growth model. When human capital is below a threshold level, the model predicts that skills are accumulated as the only growth-generating activity, whereas both innovation activities and learning drive growth above this level. Hence, an endogenous regime shift is triggered when the level of human capital reaches the threshold level, because it becomes profitable to innovate

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Year of publication:	2000
Authors:	Sorensen, Anders
Publisher:	[S.l.] : SSRN
Subject:	Wirtschaftswachstum \| Economic growth \| Lernprozess \| Learning process \| Theorie \| Theory \| Lernen \| Learning
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Growth, Vol. 4, Issue 4, Pp. 429-445, December 1999 Volltext nicht verfügbar
Classification:	O11 - Macroeconomic Analyses of Economic Development ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; I21 - Analysis of Education
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014169715