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| Author: | Howitt, P. |
| Title: | Endogenous growth and cross-country income differences |
| Journal: | American Economic Review
2000 : SEP, VOL. 90:4, p. 829-846 |
| Index terms: | GROWTH INCOMES MODELS |
| Language: | eng |
| Abstract: | A multicountry Schumpeterian growth model is constructed. Because of technology transfer, R&D-performing countries converge to parallel growth paths; other countries stagnate A parameter change that would have raised a country's growth rate in standard Schumpeterian theory will permanently raise its productivity and oer capita income relative to other countries and raise the world growth rate. Transitional dynamics are analyzed for each country and for the world economy. |
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