Introduction: Growth and Endogenous Technology

Abstract

This book is an empirical study of the pervasive role of technological knowledge in modern economic growth. It aims to quantify the main mechanisms governing output growth in the manufacturing industries of the world’s most advanced economies, in the light of new endogenous growth theory. The growth-trade link is also extensively examined. The primary concern of this study is the process of human capital and knowledge accumulation, and how this affects growth patterns in the manufacturing industry. Hence, this research constitutes a departure from the traditional approach of applied growth studies based on aggregate cross-country data. It supplies novel empirical findings on some central issues in the new endogenous growth literature.