May 1st, 1996 —
Resource Scarcity, Institutional Adaptation, and Technical Innovation: Can Poor Countries Attain Endogenous Growth?
The current debate over the role of innovation in economic growth has fostered empirical investigations across countries and regions to determine the extent to which long-term economic growth rates fit the predictions of endogenous growth or neoclassical growth theories.5 The cross-country comparisons of growth rates have pointed to an important issue for analysts: Why is it that the long-term economic growth rates of poor countries as a group are not catching up with those of rich countries?
