The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital

被引:240
作者
Jones, Charles I. [1 ,2 ]
Romer, Paul M. [2 ,3 ]
机构
[1] Stanford Univ, Grad Sch Business, Stanford, CA 94305 USA
[2] Natl Bur Econ Res, Cambridge, MA 02138 USA
[3] Stanford Univ, Stanford Insitute Econ Policy Res, Stanford, CA 94305 USA
基金
美国国家科学基金会;
关键词
INCREASING RETURNS; TECHNOLOGY ADOPTION; ENDOGENOUS GROWTH; TECHNICAL CHANGE; ECONOMIC-GROWTH; TRADE; PRODUCTIVITY; DIFFUSION; EMPIRICS; WELFARE;
D O I
10.1257/mac.2.1.224
中图分类号
F [经济];
学科分类号
02 ;
摘要
In 1961, Nicholas Kaldor highlighted six "stylized" facts to summarize the patterns that economists had discovered in national income accounts and to shape the growth models being developed to explain them. Redoing this exercise today shows just how much progress we have made. In contrast to Kaldor's facts, which revolved around a single state variable, physical capital, our updated facts force consideration of four far more interesting variables: ideas, institutions, population, and human capital. Dynamic models have uncovered subtle interactions among these variables, generating important insights about such big questions as: Why has growth accelerated? Why are there gains from trade? (JEL D01, E01, E22, E23, E24, J11)
引用
收藏
页码:224 / 245
页数:22
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