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The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...
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, José A. Scheinkman and Andrei Shleifer (1992), 'Growth in Cities', Journal of Political Economy, 100 (6), 1126-52 -- Jane … Jacobs (1969), 'How New Work Begins', in The Economy of Cities, Chapter 2, New York, NY: Vintage Books (Random House), 49 … Political Economy, Chapter VI, 4th Edition, Philadelphia, PA: Grigg and Elliott [translated by C.R. Prinsep], 79-85 -- William J …
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