Modern Growth Theories

They give importance to human capital also

1. Mankiw, Romer & Weil (1992) is an extension to the Neo-classical or Solow's Growth model (but considering human capital)
2. Learning by Doing (Kenneth Arrow): There is spillover of technology from one sector to another
3. Romer Endogenous Growth Model emphasizes on the Role of RND on economic growth (Learning induced by investment)
4. AK Model
5. Lucas Model (investment in Education)