Endogenous Innovation, Trend Growth, and the British Industrial Revolution: Reply to Greasley and Oxley
回应Greasley和Oxley的质疑，澄清增长理论及其对增长核算的意义，审视结构变化经济体中趋势增长的计量方法，并重新评估18-19世纪技术变革的不同观点。
David Greasley and Les Oxley provide an interesting but ultimately unconvincing chalenge to the perspective on the British Industrial Revolution that we have set out in recent articles 1 . We believe that the issues that they raise are important and deserve a full response. Thus, we take the opportunity to clarify ideas on growth theory and its implications for growth accounting, to review the econometrics of estimating trend growth in an economy undergoing structural change, and to reconsider the persuasiveness of different views of the nature of technological change in the eighteenth and nineteenth centuries.