The ‘New’ Growth Theory: Old Wine in New Goatskins

Author(s):  
Heinz D. Kurz ◽  
Neri Salvadori
2008 ◽  
Vol 57 (2) ◽  
Author(s):  
Hans-Friedrich Eckey ◽  
Thomas Döring ◽  
Matthias Türck

AbstractIn Germany there is a discussion on the design of regional policy, whether cohesion is still appropriate or should be replaced by a regional growth policy for efficiency reasons. This discussion is most notably founded with theoretical arguments from the new growth theory as well as the (empirical) insight that despite an extensive redistribution of wealth regional differences still exist. Crucial for the effectiveness of cohesion measures is the development of regions in the long run, whether regions converge or diverge. From German convergence studies it follows that there is a tendency for convergence. Our empirical analysis gives empirical evidence that the Commontask “Improvement of Regional Economic Structure” has an influence on the convergence process.


2018 ◽  
Vol 5 (2) ◽  
pp. 87
Author(s):  
Mohamed Buheji

Being an expert with claim of being specialized in Economic Competitiveness and Innovation Indexes, I felt ashamed of my huge ignorance in endogenous growth theory and its impact on innovation. Therefore, this review holds a good intention for exploring the essence and the unique characters of the endogenous economic growth which focus on the investment in human capital, innovation, and knowledge-based economy which will lead to economic development. The endogenous innovation was tackled in this work of Antonelli (2017) to show the innovation in the creative reactions and as emergent property of the system. The author tried to illustrate the early relation between the early economics of knowledge and economics of growth, after discussing the limits of the new growth theory. The author managed to show the random events of innovation as creative response.


2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Soegeng Wahyoedi

<p>Entering the year of 1990s, the world economic growth was marked by the economic growth of Eastern Asian Countries reaching 7 percent per year on the average. Despite the economic crisis at the end of 1990s, these countries managed to grow. In reference the Classic Theory, the growth factors included supply side (production) whereas the Neo Classic Theory as its the follower introduced the role of human capital as the trigger of the economic growth i.e. New Growth Theory. Furthermore, several Neo Classic followers added that research and development were also the trigger of the economic growth.</p><p>Kata Kunci: Pertumbuhan ekonomi, research and development, investasi sumber daya manusia.</p>


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