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What part does technological knowledge accumulation play in modern economic growth? This book investigates and examines the predictions of new growth theory, using OECD manufacturing data. Its empirical findings portray a novel and complex picture of the features of longterm growth, where technological knowledge production and diffusion play a central part, alongside variations in capital and employment. A parallel examination of longrun trade patterns and government policy issues completes a broader account of how knowledgebased growth in industrial output is at the heart of modern economic prosperity.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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