Hammond, Peter J; Rodriguez-Clare, Andres - In: Scandinavian Journal of Economics 95 (1993) 4, pp. 391-425
This assessment of recent theoretical work on endogenous growth identifies three different engines of long-run growth: (1) the asymptotic average product of capital is positive; (2) labor productivity increases as an external effect of capital accumulation; and (3) there are feedback effects on...