Groth, Christian; Wendner, Ronald - In: Journal of Macroeconomics 40 (2014) C, pp. 245-269
We study transitional dynamics and speed of convergence in economic growth. Based on a canonical framework the analysis revisits both “old” and “new” growth literature along three dimensions: (i) What if growth is not exogenous but endogenous and driven by learning by doing? (ii) What if...