Fifteen years of new growth economics: what have we learned?

dc.contributor.author	Sala-I-Martin, Xavier
dc.date.accessioned	2019-11-01T00:01:32Z
dc.date.available	2019-11-01T00:01:32Z
dc.date.issued	2002
dc.description	Paul Romer’s paper, “Increasing Returns and Long-Run Growth,” is now fifteen years old. This pathbreaking contribution led to a resurgence in research on economic growth. The resulting literature has in had a number of important impacts. In particular, it shifted the research focus of macroeconomists. From the time when Lucas, Barro, Prescott, and Sargent led the rational expectations revolution until Romer, Barro, and Lucas started the new literature on economic growth, macroeconomists devoted virtually no effort to the study of long-run issues, they were all doing research on business cycle theory. In this sense, the new growth theory represented a step in the right direction.
dc.file.name	BCCh-sbc-v06-p041_060
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 41-59
dc.identifier.isbn	956-7421-137
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3680
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking, Analysis, and Economic Policies, no. 6
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	DESARROLLO ECONÓMICO	es_ES
dc.subject	MACROECONOMÍA	es_ES
dc.subject	CICLOS ECONÓMICOS	es_ES
dc.title	Fifteen years of new growth economics: what have we learned?
dc.type.doc	Artículo

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