Technological complexity and economic growth

被引：22
|
作者：
Pintea, Mihaela [1 ]
Thompson, Peter [1 ]
机构：
[1] Florida Int Univ, Dept Econ, Miami, FL 33199 USA
来源：
REVIEW OF ECONOMIC DYNAMICS | 2007年 / 10卷 / 02期
基金：
美国国家科学基金会;
关键词：
endogenous growth; learning; R&D; educational attainment; wage inequality; technological complexity;
D O I：
10.1016/j.red.2006.12.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Over the last fifty years there have been large secular increases in educational attainment and R&D intensity. The fact that these trends have not stimulated more rapid income growth has been a persistent puzzle for growth theorists. We construct a model of endogenous economic growth in which income growth, R&D intensity, and educational attainment depend on the complexity of new technologies. An increase in complexity that makes passive learning more difficult induces increases in R&D and education, alongside a decline in income growth. Our explanation also predicts a concurrent rise in the skill premium. (c) 2006 Elsevier Inc. All rights reserved.
引用
收藏
页码：276 / 293
页数：18
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