Fifteen years of new growth economics: what have we learned?

Paul Romer’s paper, “Increasing Returns and Long-Run Growth,” is now fifteen years old. This pathbreaking contribution led to a resurgence in research on economic growth. The resulting literature has in had a number of important impacts. In particular, it shifted the research focus of macroeconomist...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Sala-I-Martin, Xavier
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	DESARROLLO ECONÓMICO MACROECONOMÍA CICLOS ECONÓMICOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3680
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-20.500.12580-3680
record_format	dspace
spelling	oai-20.500.12580-36802021-04-24T10:33:16Z Fifteen years of new growth economics: what have we learned? Sala-I-Martin, Xavier DESARROLLO ECONÓMICO MACROECONOMÍA CICLOS ECONÓMICOS Paul Romer’s paper, “Increasing Returns and Long-Run Growth,” is now fifteen years old. This pathbreaking contribution led to a resurgence in research on economic growth. The resulting literature has in had a number of important impacts. In particular, it shifted the research focus of macroeconomists. From the time when Lucas, Barro, Prescott, and Sargent led the rational expectations revolution until Romer, Barro, and Lucas started the new literature on economic growth, macroeconomists devoted virtually no effort to the study of long-run issues, they were all doing research on business cycle theory. In this sense, the new growth theory represented a step in the right direction. 2019-11-01T00:01:32Z 2019-11-01T00:01:32Z 2002 Artículo 956-7421-137 https://hdl.handle.net/20.500.12580/3680 eng Series on Central Banking, Analysis, and Economic Policies, no. 6 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 41-59 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	DESARROLLO ECONÓMICO MACROECONOMÍA CICLOS ECONÓMICOS
spellingShingle	DESARROLLO ECONÓMICO MACROECONOMÍA CICLOS ECONÓMICOS Sala-I-Martin, Xavier Fifteen years of new growth economics: what have we learned?
description	Paul Romer’s paper, “Increasing Returns and Long-Run Growth,” is now fifteen years old. This pathbreaking contribution led to a resurgence in research on economic growth. The resulting literature has in had a number of important impacts. In particular, it shifted the research focus of macroeconomists. From the time when Lucas, Barro, Prescott, and Sargent led the rational expectations revolution until Romer, Barro, and Lucas started the new literature on economic growth, macroeconomists devoted virtually no effort to the study of long-run issues, they were all doing research on business cycle theory. In this sense, the new growth theory represented a step in the right direction.
format	Artículo
author	Sala-I-Martin, Xavier
author_facet	Sala-I-Martin, Xavier
author_sort	Sala-I-Martin, Xavier
title	Fifteen years of new growth economics: what have we learned?
title_short	Fifteen years of new growth economics: what have we learned?
title_full	Fifteen years of new growth economics: what have we learned?
title_fullStr	Fifteen years of new growth economics: what have we learned?
title_full_unstemmed	Fifteen years of new growth economics: what have we learned?
title_sort	fifteen years of new growth economics: what have we learned?
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3680
work_keys_str_mv	AT salaimartinxavier fifteenyearsofnewgrowtheconomicswhathavewelearned
_version_	1718346862111490048

Fifteen years of new growth economics: what have we learned?

Ejemplares similares