TY  - JOUR
AU  - Grossman,Gene M.
AU  - Helpman,Elhanan
TI  - Endogenous Innovation in the Theory of Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4527
PY  - 1993
Y2  - November 1993
UR  - http://www.nber.org/papers/w4527
L1  - http://www.nber.org/papers/w4527.pdf
N1  - Author contact info:
Gene M. Grossman
International Economics Section
Department of Economics
Princeton University
Princeton, NJ 08544
Tel: 609/258-4823
Fax: 609/258-1374
E-Mail: grossman@princeton.edu

Elhanan Helpman
Department of Economics
Harvard University
1875 Cambridge Street
Cambridge, MA 02138
Tel: 617-495-4690
Fax: 617-495-7730
E-Mail: ehelpman@harvard.edu
AB  - This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process.  First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'.  Then we discuss the empirical evidence that bears on the modeling of long-run growth.  Finally, we describe in more detail a model of growth based on endogenous technological progress and discuss the lessons that such models can teach us.
ER  -