NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Learning and Growth

Boyan Jovanovic

NBER Working Paper No. 5383
Issued in December 1995
NBER Program(s):   PR

In this survey, I discuss four sources of growth of knowledge: research, schooling, learning by doing, and training. In trying to disentangle what is important, I emphasize the following facts: (1) even the most advanced countries spend far more on adoption of existing technologies than on inventing new ones, and (2) countries frequently adopt 'dominated' technologies. These facts provide a useful background for evaluating the different theories. They will also sharpen the point that it is important to distinguish between technology and human capital. The conclusion is simply this: In generating world growth, the world's research outlays are an essential ingredient. But for most agents the decision determining growth is one of whether to adopt existing technologies. We have perhaps underemphasized this in our modeling so far. Moreover, the handful of models that I survey contains a bewildering array of diverse engines of growth, most of which are not based on any firm evidence.

download in pdf format
   (338 K)

email paper

This paper is available as PDF (338 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w5383

Published: Advances in Economics, Edited by David Kreps and Kenneth Wallis, Cambridge University Press: 1996.

Users who downloaded this paper also downloaded these:
Jovanovic and Stolyarov w5870 Learning, Complementarities, and Asynchronous Use of Technology
Jovanovic w7468 Growth Theory
Greenwood and Jovanovic Accounting for Growth
Altonji and Dunn w5072 The Effects of School and Family Characteristics on the Return to Education
Obstfeld and Rogoff w5191 The Mirage of Fixed Exchange Rates
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us