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The Role of Knowledge and Capital in Economic Growth

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  • Sergio Rebelo

Abstract

This paper discusses new ideas in growth theory focusing on how to make sustained growth feasible. It first reviews models that broadened the notion of capital to include human capital and the state of technology. The paper next surveys models which make technological progress endogenous by allowing firms to undertake investment aimed either at producing new goods or at developing new production methods.

Suggested Citation

  • Sergio Rebelo, 1998. "The Role of Knowledge and Capital in Economic Growth," WIDER Working Paper Series wp-1998-149, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-1998-149
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    File URL: https://www.wider.unu.edu/sites/default/files/wp149.pdf
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    Citations

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    Cited by:

    1. Fofack, Hippolyte, 2008. "Technology trap and poverty trap in Sub-Saharan Africa," Policy Research Working Paper Series 4582, The World Bank.
    2. Bouton, L. & Sumlinski, M.A., 2000. "Trends in Private Investment in Developing Countries. Statistics for 1970-1998," Papers 41, World Bank - International Finance Corporation.
    3. Jorge Baldrich, 2010. "Taxing Our Neighbors? Why Some Sub-National Revenues Are So Small," Working Papers 100, Universidad de San Andres, Departamento de Economia, revised Mar 2010.
    4. David C. Maré, 2003. "Ideas for Growth?," Working Papers 03_19, Motu Economic and Public Policy Research.
    5. Nowak-Lehmann D., Felicitas, 2000. "Was there endogenous growth in Chile (1960 - 1998)? A test of the AK-model," University of Göttingen Working Papers in Economics 7, University of Goettingen, Department of Economics.
    6. Vladimir D. Matveenk, 2011. "Interests of Social Groups, Direction of Technical Progress, and Barriers to Development: How Sustainable is the World Economic Growth?," DEGIT Conference Papers c016_047, DEGIT, Dynamics, Economic Growth, and International Trade.
    7. Eyal Apatov & Arthur Grimes, 2016. "Higher education institutions and regional growth: The case of New Zealand," Working Papers 16_11, Motu Economic and Public Policy Research.
    8. Nowak-Lehmann D., Felicitas, 2003. "Trade Policy and its Impact On Economic Growth: The Chilean Experience in the Period of 1960 to 1998," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(2).
    9. Martin Aarøe Christensen, 2015. "A CGE model with ICT and R&D-driven endogenous growth: A detailed model description," JRC Research Reports JRC97908, Joint Research Centre.
    10. Stefanescu, Răzvan & Dumitriu, Ramona, 2015. "Creşterea economică a României între 1980 şi 2013 [The Economic Growth of Romania between 1980 and 2013]," MPRA Paper 61592, University Library of Munich, Germany.
    11. Lawrence Bouton & Mariusz A. Sumlinski, 2000. "Trends in Private Investment in Developing Countries : Statistics for 1970-1998," World Bank Publications - Books, The World Bank Group, number 13986.
    12. Fofack, Hippolyte, 2009. "Determinants of globalization and growth prospects for Sub-Saharan African countries," Policy Research Working Paper Series 5019, The World Bank.

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