Growth, Trade and Endogenous Technology A Study of OECD Manufacturing [Hardcover]

What part does technological knowledge accumulation play in modern economic growth? This book investigates and examines the predictions of new growth theory, using OECD manufacturing data. Its empirical findings portray a novel and complex picture of the features of long-term growth, where technological knowledge production and diffusion play a central part, alongside variations in capital and employment. A parallel examination of long-run trade patterns and government policy issues completes a broader account of how knowledge-based growth in industrial output is at the heart of modern economic prosperity.List of Tables - Preface - Introduction: Growth and Endogenous Technology - The New Theories of Endogenous Growth - The Issues, the Empirical Approach and the Data - The Modelling of Output Growth across Manufacturing Sectors: An Initial Approach - Evidence on Endogenous Technological Change across OECD Manufacturing - Scientific Human Capital, Investment and Trade: Further Empirical Evidence - The Impact of Government Policy on Output Growth across OECD Manufacturing - Conclusions - IndexORLANDO A. OCHOA