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Education, Knowledge, and Economic Growth - France and Germany in the 19th and 20th Centuries (Paperback, illustrated edition)
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Discovery Miles 8 510
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Education, Knowledge, and Economic Growth - France and Germany in the 19th and 20th Centuries (Paperback, illustrated edition)
Series: Comparative Studies
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The debate concerning the role of knowledge in the economic growth
process has gained considerable attention, both because of the
importance of its implications in terms of economic policy and due
to the number of theoretical and empirical analyses it has
engendered. Thus, the argument according to which endogenous growth
models explain long-term economic growth is often put forward. It
is held that the production of knowledge induces self-maintained
economic growth. However, in spite of numerous theoretical
developments, attempts at empirical verification have run up
against serious methodological difficulties. The first and most
serious stumbling block is the way in which an intangible good of
incommensurable size such as knowledge is evaluated. Moreover, most
of the empirical studies carried out in recent years have taken the
form of cross-national comparisons designed to analyse the role of
different socio-economic factors in growth. So far, however, they
have not succeeded in making conclusive statements of whether or
not knowledge can induce long-term economic growth. Taking this
state of research into consideration, the main objective of the
present volume is to re-examine, by way of new techniques of
quantitative analysis, theoretical models developed with a view to
ascertaining the endogenous nature of economic growth induced by
the production of knowledge.
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