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Crescita economica, conoscenza e capitale umano. Le teorie e i modelli di crescita endogena di Paul Romer e Robert Lucas
[Economic growth, knowledge and human capital. Theories and models of endogenous growth by Paul Romer and Robert Lucas]

Author

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  • Schilirò, Daniele

Abstract

In this paper I will examine the growth models of Romer (1986) and Lucas (1988) which constitute an important first core to the endogenous growth theory, in order to understand the characteristics, to highlight the relationship between knowledge and economic growth and / or emphasize the importance of human capital in the growth process. These models take account of technological change, the accumulation of knowledge and externalities. At the same time they highlight the existence of a divergence in long-term equilibrium among the different economic systems.

Suggested Citation

  • Schilirò, Daniele, 2006. "Crescita economica, conoscenza e capitale umano. Le teorie e i modelli di crescita endogena di Paul Romer e Robert Lucas [Economic growth, knowledge and human capital. Theories and models of endoge," MPRA Paper 52435, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:52435
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    File URL: https://mpra.ub.uni-muenchen.de/52435/1/MPRA_paper_52435.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    4. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    5. Daniele Schilirò, 2006. "Teorie circolari e teorie verticali della dinamica economica strutturale: verso uno schema di carattere generale," Economia politica, Società editrice il Mulino, issue 1, pages 51-80.
    6. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    7. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    8. Daniele Schilirò, 2005. "Economia della Conoscenza, Dinamica Strutturale e Ruolo delle Istituzioni," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0502, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
    9. David Cass, 1965. "Optimum Growth in an Aggregative Model of Capital Accumulation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 32(3), pages 233-240.
    10. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    11. Boltho, Andrea & Holtham, Gerald, 1992. "The Assessment: New Approaches to Economic Growth," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 8(4), pages 1-14, Winter.
    12. Schilirò, Daniele, 2003. "Dibattito sulla globalizzazione. Un commento [Debate on globalization. A comment]," MPRA Paper 34943, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Daniele, Schilirò, 2009. "L’Italia e il problema della crescita dopo l’euro [Italy and the problem of growth after the euro]," MPRA Paper 81985, University Library of Munich, Germany.
    2. Schilirò, Daniele, 2013. "Mediterraneo: migrazioni e sviluppo economico [Mediterranean: migrations and economic development]," MPRA Paper 72745, University Library of Munich, Germany.
    3. Schilirò, Daniele, 2017. "A glance at Solow’s growth theory," MPRA Paper 84531, University Library of Munich, Germany.

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    More about this item

    Keywords

    endogenous growth; knowledge; human capital; externalities;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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