Cited by 42Economic Growth and ProductivityEconomic Theory and PolicyFirm Innovation and Growth

Endogenous Growth Theory

Howitt, Peter·2008·The New Palgrave Dictionary of Economics

Abstract

Endogenous growth theory explains long-run growth as emanating from economic activities that create new technological knowledge. This article sketches the outlines of the theory, especially the ‘Schumpeterian’ variety, and briefly describes how the theory has evolved in response to empirical discoveries.

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Crossref · 10.1057/978-1-349-95121-5_2545-1

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  • Evidence indicates that open innovation and open competition, supported by large public-private investments in R&D, education, human capital, and infrastructure, strengthen national competitiveness.

    “Evidence shows that open innovation and open competition, with massive investments in public and private partnerships around R&D, education, and human capital development, as well as physical and institutional infrastructures, strengthen country competitiveness”

    From Illusions of techno-nationalism. (2022) · cites this paper as Howitt, 2008

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Authors
Howitt, P.
Corresponding author
Howitt, Peter
Venue
The New Palgrave Dictionary of Economics
Published
2008
Pages
1-5
OpenAlex
W4230779080
Cited by
42
References
0
Citations by year
2025: 1 · 2024: 1 · 2021: 2 · 2019: 4 · 2018: 1 · 2016: 1 · 2014: 1
Type
reference entry
Language
en
Open access
closed
Locations
The New Palgrave Dictionary of Economics (publishedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Firm Innovation and Growth
Keywords
endogenous growth theory, long-run economic growth, technological knowledge, Schumpeterian growth, innovation, technological change, history of economic thought

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