Stiroh, Kevin J. - In: Economic Policy Review (2001) Mar, pp. 37-59
Economists have long debated the best way to explain the sources of productivity growth. Neoclassical theory and "new …, and research and development efforts—as a critical source of productivity growth, but they differ in fundamental ways … differences, both theories help explain productivity growth. The methodological tools of the neoclassical economists allow one to …