caa a22 4500 46903405X CHVBK 20180323132751.0 cr unu---uuuuu 170328e19920301xx s 000 0 eng 10.1007/BF01849801 doi (NATIONALLICENCE)springer-10.1007/BF01849801 Solow Robert Massachusetts Institute of Technology, Cambridge, Mass. aut Policies for economic growth [Elektronische Daten] [Robert Solow] Summary: The ‘old' growth theory of the 1950s led to certain conclusions about the sorts of economic policies that would promote economic growth, and also about their limitations. The ‘new' growth theory of the 1980s makes much stronger assumptions and leads to correspondingly stronger conclusions about the scope of growth-promoting policy. This article argues that: (1) empirical work so far has neither confirmed nor denied the strong assumptions underlying the new theory; (2) the theory is worth pursuing because of its intrinsic interest and the possibilities it opens up; (3) whatever the final verdict on the new theory, both theory and evidence support the belief that significant long-run gains, even if not permanent changes in the growth rate, can be achieved by increased investment in the broadest sense, including human capital, technological knowledge, and industrial plant and equipment. Kluwer Academic Publishers, 1992 De Economist Kluwer Academic Publishers 140/1(1992-03-01), 1-15 0013-063X 140:1<1 1992 140 10645 https://doi.org/10.1007/BF01849801 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01849801 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Solow Robert Massachusetts Institute of Technology, Cambridge, Mass aut NATIONALLICENCE 773 0- De Economist Kluwer Academic Publishers 140/1(1992-03-01), 1-15 0013-063X 140:1<1 1992 140 10645 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer