Endogenous Growth Theory
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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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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Illusions of techno-nationalism.
Luo, Y. (2022) · Journal of International Business Studies · doi:10.1057/s41267-021-00468-5 · Cited by 257 · see citing works
- Authors
- Howitt, P.
- Corresponding author
- Howitt, Peter
- Venue
- The New Palgrave Dictionary of Economics
- Publisher
- Palgrave Macmillan UK
- 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
- Licence
- www.springer.com/tdm (tdm)
- 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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