III. Catching up and falling behind in economic development: Convergence or divergence? The impact of technology on 'why growth rates differ'
Journal of Evolutionary Economics, 5 (3):
269--284 (сентября 1995)Аннотация
Abstract. This paper presents an overview and assessment of the theoretical and empirical work on catch-up and growth, with particular emphasis on the impact of technology, and the consequences for developing countries. The point of departure is the neoclassical theory of economic growth, as laid out by Solow and others in the 1950s, and the applied work that followed ("growth accounting"). Then the contributions from economic historians and more heterodox economists, such as Schumpeter, Kaldor and others, are discussed, followed by an account of the most recent theoretical developments ("new growth theory") and the empirical (econometric) work in this area. ABSTRACT FROM AUTHOR Copyright of Journal of Evolutionary Economics is the property of Springer Science & Business Media B.V. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)