Meireles, Mónica; Soares, Isabel; Afonso, Óscar - Faculdade de Economia, Universidade do Porto - 2010
Seminal works on growth theory had mainly focused on exogenous technological change, where a certain given path of technological change was considered. At the end of the 1980s, a new growth theory emerged allowing for the endogeneity of technological change, where economic agents can affect the...