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Date: | Fri, 30 Nov 2012 00:23:15 -0800 |
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Thanks to Robin Neill for the good notice but I must offer a caveat. Most mainline growth courses start and finish with models that use a single aggregate production function with technology modelled as a single scalar value or residual that is either exogenous as in Solow type models or endogenous as in Romer and Lucas type models. Our book takes a different line, arguing that we need a lot of economic history to fully understand growth and if we do model growth formally, we need to model technology in a much more complex manner. We present our Mark 1 version of such models in the book but go much further in later models, the most developed one being in the Journal of Evolutionary Economics. I do not think it has come out yet in the hard copy edition but it is available in electronic version on the Journal’s web site.
----- Original Message -----
From: "Robin Neill" <[log in to unmask]>
To: [log in to unmask]
Sent: Thursday, 29 November, 2012 15:52:17
Subject: Re: [SHOE] history of growth theories in economics
The second half of Bekar, Carlaw, and Lipsey, "Economic
Transformations", struck me as a tour de force through modern
growth theories.
Robin Neill
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