On the mechanics of economic development

This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphazing physical capital acumulation and technologica...

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Bibliographic Details
Main Author: Lucas, Robert E
Format: Book
Published: Rochester University of Rochester. Graduate School of Business Administration and Department of Economics July 1988
Series:Journal of Monetary Economics n. 1
Subjects:
Description
Summary:This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphazing physical capital acumulation and technological change, a model emphasizig physical capital accumulation through schooling and a model emphasizing specialized human capital accumulation through learning-by-doing.
Physical Description:pp. 3-42 grafs., tbl.
Bibliography:Incluye bibliografía
ISSN:03043932