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The Role of Education and Knowledge in Endogenous Growth

In: Finance, Research, Education and Growth

Author

Listed:
  • Luigi Paganetto
  • Pasquale Lucio Scandizzo

Abstract

In 1962, Kenneth Arrow published an article ‘The Economic Implications of Learning by Doing’, based on the experience of the aeronautical industry, which soon became the reference point of a vast literature on endogenous evolution of technical progress, education and growth. Although Arrow’s article did not deal directly with the problems of technical progress and international trade, the link between the economies of learning and increases in productivity suggested a mechanism of accumulation and feedback that questioned the very foundation of comparative advantage in trade.

Suggested Citation

  • Luigi Paganetto & Pasquale Lucio Scandizzo, 2003. "The Role of Education and Knowledge in Endogenous Growth," Palgrave Macmillan Books, in: Luigi Paganetto & Edmund S. Phelps (ed.), Finance, Research, Education and Growth, chapter 6, pages 90-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-2023-2_6
    DOI: 10.1057/9781403920232_6
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    Cited by:

    1. Olukemi I. Lawanson & Dominic I. Umar, 2020. "Education Expenditure-Led Growth: Evidence from Nigeria (1980-2018)," International Business Research, Canadian Center of Science and Education, vol. 13(3), pages 133-133, March.

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