Article1993

Making a Miracle

1,574 citations0/0 files storedEconometrica

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Economic Growth and Productivity Global trade and economics Economic Theory and Policy

Abstract

This lecture surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possib le connections between learning rates and international trade are discussed Copyright 1993 by The Econometric Society.

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References

1956A Contribution to the Theory of Economic Growth 1988On the mechanics of economic development 1986Increasing Returns and Long-Run Growth 1971The Economic Implications of Learning by Doing 1991The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 1991Learning by Doing and the Dynamic Effects of International Trade 1991Increasing Returns, Industrialization, and Indeterminacy of Equilibrium

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