Abstract

BENAVIDES G., Óscar A.  and  FORERO P., Clemente. ENDOGENOUS GROWTH: KNOWLEDGE AND INSTITUTIONS. Rev.econ.inst. [online]. 2002, vol.4, n.6, pp.109-131. ISSN 0124-5996.

This document develops an endogenous growth model in which it is possible to obtain a positive long run growth rate by combining investment in human capital and the endogenous advance of technological knowledge. The model shows the complementary characteristics of the two kinds of knowledge and implies the abandonment of the competitive equilibrium model because of the non-rival nature of technological knowledge. The model also shows the presence of multiple equilibria and the requirement of a central planner for some of them.

Keywords : endogenous growth; human capital; technological knowledge; competence; multiple equilibrium.

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