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Conventional R&D-based growth theory argues that productivity growth is driven by population growth but the data suggest that the erstwhile positive correlation between population and productivity turned negative during the 20th century. In order to resolve this problem we integrate R&D-based...
Persistent link: https://www.econbiz.de/10010311668
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 is the mechanism converting knowledge into economically relevant …
Persistent link: https://www.econbiz.de/10010271748
prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …
Persistent link: https://www.econbiz.de/10010271765
prosperity through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic …
Persistent link: https://www.econbiz.de/10010271768
This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10010271771