IDEAS home Printed from https://ideas.repec.org/a/wsi/jicepx/v03y2012i02ns1793993312500093.html
   My bibliography  Save this article

Solow'S Return: Inventions, Ideas And The Quality Of Life

Author

Listed:
  • CHARLES KENNY

    (Center for Global Development, 1800 Massachusetts Ave. NW, Washington DC 20036, USA)

Abstract

Robert Solow's model of "exogenous" economic growth driven by the global diffusion of technology is out of fashion because it is contradicted by empirical evidence of income divergence. Today, economic growth is considered "endogenous" and institutions are seen as central to the long-term growth process. At the same time, non-income measures of quality of life do see strong patterns of global growth and convergence. This suggests that institutions may be less important to achieve progress in broader quality of life while a larger and important role concerns the factors that drive exogenous change, including the flow of technology and ideas.

Suggested Citation

  • Charles Kenny, 2012. "Solow'S Return: Inventions, Ideas And The Quality Of Life," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-15.
    • Handle: RePEc:wsi:jicepx:v:03:y:2012:i:02:n:s1793993312500093
    DOI: 10.1142/S1793993312500093
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1793993312500093
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1793993312500093?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Easterlin,Richard A., 2006. "The Reluctant Economist," Cambridge Books, Cambridge University Press, number 9780521685115, January.
    2. Acemoglu,Daron & Robinson,James A., 2009. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521671422, January.
    3. Michael Clemens, 2004. "The Long Walk to School: International Education Goals in Historical Perspective," Working Papers 37, Center for Global Development.
    4. Lant Pritchett, Michael Woolcock, Matt Andrews, 2010. "Capability Traps? The Mechanisms of Persistent Implementation Failure - Working Paper 234," Working Papers 234, Center for Global Development.
    5. Peter Boone & Zhaoguo Zhan, 2006. "Lowering Child Mortality in Poor Countries: The Power of Knowledgeable Parents," CEP Discussion Papers dp0751, Centre for Economic Performance, LSE.
    6. World Bank, 2010. "World Development Indicators 2010," World Bank Publications - Books, The World Bank Group, number 4373.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rabah Arezki & Markus Brückner, 2011. "Food prices and political instability," NCID Working Papers 01/2011, Navarra Center for International Development, University of Navarra.
    2. Kosec, Katrina, 2013. "The child health implications of privatizing Africa’s urban water supply:," IFPRI discussion papers 1269, International Food Policy Research Institute (IFPRI).
    3. Brett, Edwin, 2020. "The development and challenges of aid relationships: where is international aid heading?," LSE Research Online Documents on Economics 106557, London School of Economics and Political Science, LSE Library.
    4. Arezki, Rabah & Brueckner, Markus, 2014. "Effects of International Food Price Shocks on Political Institutions in Low-Income Countries: Evidence from an International Food Net-Export Price Index," World Development, Elsevier, vol. 61(C), pages 142-153.
    5. Lant Pritchett & Michael Woolcock & Matt Andrews, 2013. "Looking Like a State: Techniques of Persistent Failure in State Capability for Implementation," Journal of Development Studies, Taylor & Francis Journals, vol. 49(1), pages 1-18, January.
    6. E. A. Brett, 2020. "The Development and Challenges of Aid Relationships: Where Is International Aid Heading?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 21(02), pages 22-26, July.
    7. Christensen, Zachary & Homer, Dustin & Nielson, Daniel L., 2011. "Dodging Adverse Selection: How Donor Type and Governance Condition Aid’s Effects on School Enrollment," World Development, Elsevier, vol. 39(11), pages 2044-2053.
    8. Casabonne, Ursula & Kenny, Charles, 2012. "The Best Things in Life are (Nearly) Free: Technology, Knowledge, and Global Health," World Development, Elsevier, vol. 40(1), pages 21-35.
    9. Karim Khan, 2015. "Endogenous Institutional Change and Privileged Groups," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(3), pages 171-195.
    10. Shifa, Abdulaziz B., 2013. "The dual policy in the dual economy—The political economy of urban bias in dictatorial regimes," Journal of Development Economics, Elsevier, vol. 105(C), pages 77-85.
    11. Charles Kenny, 2009. "There's more to life than money: Exploring the levels|growth paradox in income and health," Journal of International Development, John Wiley & Sons, Ltd., vol. 21(1), pages 24-41.
    12. Wockenfuß Christof, 2010. "Demokratie durch Entwicklungskonkurrenz. Ein ordnungspolitischer Beitrag zur internationalen Entwicklungszusammenarbeit / Democracy Through Development Competition. An Ordo-Liberal Perspective on the ," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 61(1), pages 325-352, January.
    13. Easterlin, Richard A. & Angelescu McVey, Laura, 2007. "Modern Economic Growth and Quality of Life: Cross Sectional and Time Series Evidence," IZA Discussion Papers 2755, Institute of Labor Economics (IZA).
    14. Mohammad Zulfan Tadjoeddin, 2012. "Electoral conflict and the maturity of local democracy in Indonesia: testing the modernisation hypothesis," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 17(3), pages 476-497.
    15. Leopoldo Fergusson & Carlos Molina, 2020. "Facebook Causes Protests," HiCN Working Papers 323, Households in Conflict Network.
    16. Das Gupta, Monica & Bongaarts, John & Cleland, John, 2011. "Population, poverty, and sustainable development : a review of the evidence," Policy Research Working Paper Series 5719, The World Bank.
    17. Liverpool-Tasie, Lenis Saweda, 2012. "Targeted Subsidies and Private Market Participation: An Assessment of Fertilizer Demand in Nigeria:," IFPRI discussion papers 1194, International Food Policy Research Institute (IFPRI).
    18. Augustin Kwasi Fosu, 2010. "The Global Financial Crisis and Development: Whither Africa," WIDER Working Paper Series wp-2010-124, World Institute for Development Economic Research (UNU-WIDER).
    19. Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011. "The HDI 2010: new controversies, old critiques," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 249-288, June.
    20. Markus Brueckner & Ngo Van Long & Joaquin L. Vespignani, 2020. "Non-Gravity Trade," Globalization Institute Working Papers 388, Federal Reserve Bank of Dallas.

    More about this item

    Keywords

    Endogenous growth; exogenous growth; quality of life; health; education; JEL Classifications: O10; JEL Classifications: I00;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • I00 - Health, Education, and Welfare - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jicepx:v:03:y:2012:i:02:n:s1793993312500093. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jicep/jicep.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.