The agenda for growth theory: a different point of view
指出新古典增长理论(包括新旧版本)的基本假设限制了其解释实际经济增长的能力,并提出增长理论应包含技术作为非均衡过程、企业能力差异以及更丰富的制度(如大学)三个要素。
It is argued here that the basic assumptions of neoclassical growth theory inherently limit the ability of models within that theory to cast light on economic growth as we have experienced it. This holds for ‘the new growth theory’ as well as the older growth theory of the 1950s and 1960s. It is proposed that to make real headway with understanding economic growth a growth theory needs the following elements: (1) the ability to treat technological advance as an essentiallly disequilibrium process; (2) to incorporate a theory of the firm in which firm capabilities and differences across firms are central elements; and (3) to incorporate into the theory a richer body of institutions than currently are treated in standard growth theory, including, at the least, universities.