... , Allyn A. 1928 . Increasing Returns and Economic Progress. Economic Journal? 38 : 527 -42. Young , Allyn A. . 1929 . LSE Lectures. In Sandilands 1990b. Implications of an Endogenous Theory of Growth in Allyn Young’s Macroeconomic Concept of Increasing Returns Lauchlin Currie...

... policy implications) from modern endogenous growth theory. Copyright 2009 by Duke University Press 2009 Solow model aggregate production function Allyn Young endogenous growth theory macroeconomic increasing returns JEL classifications: B22, B31, O30, O40, O47 Ades, Alberto F...

...Matthieu Ballandonne Kenneth J. Arrow's 1962 article “The Economic Implications of Learning by Doing” is considered a seminal contribution to endogenous growth theory. However, no history of its origins has been written yet. We aim to fill this gap by studying the genesis of Arrow's article...

...William J. Baumol Endogenous growth theory has made many valuable contributions, perhaps most notably in providing the tools that permit more effective empirical investigation of the growth process. Its one shortcoming, which is stressed here, is its inability to live up to its name, for where...

... discuss the general issues first and then turn to the merits of the Smith-Young framework. I will try to be fair to the concepts, but my tone may not be respectful. What makes growth theory endogenous? Endogenous must be endogenous to something. What is this something that endogeneity arises from...

... A. 1995 . “ East Asian Experience and Endogenous Growth Theory .” In Growth Theories in Light of the East Asian Experience , edited by Ito Takatoshi Krueger Anne , 9 – 36 . Chicago : University of Chicago Press . Krugman Paul . 1991 . Cities in Space . NBER working paper 3607...

...Mauro Boianovsky; Kevin D. Hoover Copyright 2009 by Duke University Press 2009 This content is made freely available by the publisher. It may not be redistributed or altered. All rights reserved. Aghion, Philippe, and Peter Howitt. 1998 . Endogenous Growth Theory . Cambridge: MIT...

... from growth theory to development economics. In the last two decades, augmented Solow models, endogenous growth models, and exercises in development accounting have proliferated. Nevertheless, it is argued, the formalization of development economics and the post-1980 dominance of neoclassical...

... products they initially had to import, but it could be damaging to the richer economies which had nothing to learn from those from whom they imported. Berdell seeks to integrate the new endogenous growth theories (foreshadowed by Hume and Smith), and he emphasizes the passages in which Hume set out...

... interested. The seriousness with which the neoclassical growth model was taken as the basis for econometric work profoundly changed with the emer- gence of endogenous growth theory. Within the new growth economics, the neoclassical model naturally represented a comparison point against which...

... to comparatively poor countries, for these would themselves learn to produce the superior products they initially had to import, but it could be damaging to the richer economies which had nothing to learn from those from whom they imported. Berdell seeks to integrate the new endogenous growth theories...

.... 1999 . Endogenous Growth Theory . Cambridge: MIT Press. Allais, Maurice. 1947 . Économie et intérêt . Paris: Imprimerie Nationale. Barro, Robert. 1996 . Inflation and Growth. Federal Reserve Bank of St. Louis Review 78.3 : 153 –69. Breit, William, and Roger W. Spencer, eds. 1990...

..., and, drawing on Swan's unpublished papers, the place of Swan's growth model in his intellectual development. Copyright 2009 by Duke University Press 2009 Barbara Spencer is Trevor Swan's daughter. Aghion, Philippe, and Peter Howitt. 1998 . Endogenous Growth Theory . Cambridge: MIT Press...

... returns, as a topic for analytical inquiry, disappeared for more than three-quarters of a century. This sit- uation changed somewhat dramatically in the 1980s with a resurgence of interest in increasing returns in several different, if broadly related, applications (endogenous growth theory...

... Economic Papers. Oxford: Basil Blackwell. ____. 1980 . Time in Economic Theory. In Further Contributions to Modern Economics . Oxford:Basil Blackwell. Romer, P. M. 1986 . Increasing Returns and Long-Run Growth. Journal of Political Economy 94.5 : 1002 -37. ____. 1990 . Endogenous...

...Pedro Nuno Teixeira Correspondence may be addressed to Pedro Teixeira, Faculdade de Economia do Porto, Rua Dr. Roberto Frias, 4200 Porto, Portugal; e-mail: [email protected] . Duke University Press 2000 Aghion, Philippe, and Peter Howitt. 1998 . Endogenous Growth Theory . Cambridge...

..., of course there are rational expectations, endogenous growth theory, and all of that. But something that at least in some ways is even more fundamental is what later became known as the Capital Theory Con- troversies. Since I was very much a player in these controversies, I will try to convey to you...

... stimulus provided by the new endogenous growth theories. Even though these models were more about developed than developing countries, in his seminal paper Paul Romer (1986) highlights the growing body of evidence supporting the lack of convergence in per capita incomes between devel- oped...

...). Not everybody, at the time, found this solution satisfactory (e.g., Good- win 1950), but apparently there was no other. There was, in fact, a math- ematical problem in endogenizing growth.9 Still, the conceptual ques- tion remains: why was the explanation of growth placed outside dynamic theory...

... Bias Using Engel Curves. Journal of Political Economy 109 : 1288 –310. Crafts, N. 1995 . Exogenous or Endogenous Growth? The Industrial Revolution Reconsidered. Journal of Economic History 55 : 745 –72. ———. 2004 . Productivity Growth in the Industrial Revolution: A New Growth...