The Contributions of Endogenous Growth Theory to the Analysis of Development Problems: An Assessment

In this paper we provide a critical assessment of the contributions of new growth theory to the theory of economic development. We focus positively on the new emphasis on fixed costs and nonconvexities in the process of introduction of new goods and technologies, particularly in the realm of trade and technological diffusion for a developing country, and on the formalization of coordination failures and inderdevelopment traps.


Issue Date:
1994-07
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/233382
Total Pages:
32
JEL Codes:
F12; O31; O34; O41
Series Statement:
Working Paper
C94-038




 Record created 2017-04-01, last modified 2017-08-29

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