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Technical change and its relationship to economic growth are now at the forefront of research in economics. This important book - which contains contributions from leading economists - provides an invaluable state-of-the-art survey and analysis of the most recent work in this area. The book sheds new light on such major themes and issues as: the sources of technological knowledge and growth and time patterns in the growth and innovation process. It also addresses the role of national institutions and social infrastructure in growth, convergence and divergence in the world economy from both the modelling and the empirical perspectives, and the microfoundations of technology diffusion and learning by doing.

The Economics of Growth and Technical Change will be essential reading for all economists with an interest in the economics of innovation and economic growth.