Exogenous or Endogenous Growth? The Industrial Revolution Reconsidered
结合新增长理论重新审视英国工业革命，认为内生创新模型有助于理解生产率增长缓慢，但宏观发明作为外生技术冲击对经济发展至关重要，并提出了进一步研究的方向。
The British Industrial Revolution is reviewed in the light of recent developments in modeling economic growth. It is argued that ”endogenous innovation” models may be useful in this context particularly for understanding why total factor productivity growth rose only slowly. ”Macroinventions” were central to economic development in this period, however, and these are best seen as exogenous technological shocks. Although new growth theorists would easily identify higher growth potential in eighteenth-century Britain than in France, explaining the timing of the acceleration in growth remains elusive. A research agenda to develop further insights from new growth ideas is proposed.