Date: 2004-08-02 11:27:29

Macroeconomics

Science

Welfare economics

Neoclassical growth model

Oded Galor

Productivity

Development economics

Innovation

Convergence

Technology

Economic growth

Economics

R&D, Implementation and Stagnation: A Schumpeterian Theory of Convergence Clubs∗ By Peter Howitt†and David Mayer-Foulkes‡ August 2, 2004 We provide a theoretical explanation, based on Schumpeterian growth theory,

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