On the Mechanics of Economic Development
Robert E. Lucas Jr.
University of Chicago - Department of Economics; National Bureau of Economic Research (NBER)
NBER Working Paper No. R1176
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: 40working papers series
Date posted: June 19, 2004
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