高级宏观学教学资料ch 3.pptVIP

2019/10/28 1 Chapter 3 ENDOGENOUS GROWTH 本章主题：研究技术进步或知识积累（ A ） 的内生性 2019/10/28 2 SOME BASIC INFORMATION ? (1)If r=f (k), and α k is modest, then capital accumulation cannot account for a large part of either long-run or cross- country income differences. ? (2)The effectiveness of labor (A) is the only determinant of income, whose behavior is taken as exogenous. ? (3)The effectiveness of labor (A) is explicitly interpreted as knowledge, and knowledge accumulation is endogenous. ? (4) Knowledge accumulation is probably central to worldwide growth. ? (5)Much of th