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On the Mechanics of Economic Development


Robert E. Lucas Jr.


University of Chicago - Department of Economics; National Bureau of Economic Research (NBER)
May 1989

NBER Working Paper No. R1176

Abstract:     
This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.

Number of Pages in PDF File: 40

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Date posted: June 19, 2004  

Suggested Citation

Lucas, Robert E., On the Mechanics of Economic Development (May 1989). NBER Working Paper No. R1176. Available at SSRN: http://ssrn.com/abstract=227120

Contact Information

Robert E. Lucas Jr. (Contact Author)
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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