Grossman, Gene M.; Helpman, Elhanan - In: Journal of Economic Perspectives 8 (1994) 1, pp. 23-44
describe in more detail a model of growth based on endogenous technological progress and discuss the lessons that such models …-run growth process. First, the authors review the implications of neoclassical growth theory and the more recent theories of … 'endogenous growth.' Then they discuss the empirical evidence that bears on the modeling of long-run growth. Finally, the authors …