On the mechanics of economic development
1988; Elsevier BV; Volume: 22; Issue: 1 Linguagem: Inglês
10.1016/0304-3932(88)90168-7
ISSN1873-1295
Autores Tópico(s)Fiscal Policy and Economic Growth
ResumoThis paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
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