A Model on Knowledge and Endogenous Growth

A Model on Knowledge and Endogenous Growth

The authors present a model of endogenous growth in which the main engine of economic development is knowledge. Using a two-sector closed economy model that comprises of a conventional goods-producing sector and a research and development sector, their model incorporates two key aspects of knowledge...

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Bibliographic Details
Main Authors: Chen, Derek H. C., Looi Kee, Hiau
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
CAPITAL ACCUMULATION
CAPITAL STOCK
CAPITAL STOCKS
CLOSED ECONOMY
DEVELOPED COUNTRIES
DISCOVERIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC RESEARCH
EXERCISES
GROWTH MODELS
GROWTH RATE
GROWTH THEORY
HUMAN CAPITAL
INNOVATION
INTERNATIONAL TRADE
INTERVENTION
KNOWLEDGE ECONOMY
Online Access:http://documents.worldbank.org/curated/en/2005/03/5669373/model-knowledge-endogenous-growth
http://hdl.handle.net/10986/8878

Internet

http://documents.worldbank.org/curated/en/2005/03/5669373/model-knowledge-endogenous-growth
http://hdl.handle.net/10986/8878

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