Productivity Revolutions and Science Driven Growth by Phillip Garner :: NEUDC 2007 Papers :: Northeast Universities Development Consortium Conference :: Center for International Development at Harvard University (CID)
نویسنده
چکیده
The advent of modern science made possible the emergence of sustained economic growth. Without growth in scientific knowledge, the productivity growth experienced during the Industrial Revolution would have eventually diminished, as did growth from previous ‘productivity revolutions’ (i.e. agriculture, expansions of trade). Yet scientific knowledge, as distinct from technology or economic productivity, is often not explicitly included in models of long run growth. This paper presents a simple model that, by making this distinction, allows for more realistic modeling of the emergence of modern sustained growth by highlighting the importance of the scientific revolution that preceded and coincided with it. JEL Classifications: O3, O4
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