Ideas and Growth
This paper introduces and partially develops a new model of endogenous technological change, viewed as the product of a class of problem-solving producers. The model, based on earlier work by Eaton and Kortum, is built up from the premise that all knowledge resides in the head of some individual per...
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| Veröffentlicht in: | Economica (London) 2009-02, Vol.76 (301), p.1-19 |
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| container_end_page | 19 |
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| container_issue | 301 |
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| container_title | Economica (London) |
| container_volume | 76 |
| creator | LUCAS Jr, ROBERT E. |
| description | This paper introduces and partially develops a new model of endogenous technological change, viewed as the product of a class of problem-solving producers. The model, based on earlier work by Eaton and Kortum, is built up from the premise that all knowledge resides in the head of some individual person and the knowledge of a firm, or economy, or any group of people is simply the knowledge of the individuals that comprise it. The model is applied to an economy with a cohort structure. A calibration of the model using cross-section earnings data, in addition to aggregate GDP growth, is considered. |
| doi_str_mv | 10.1111/j.1468-0335.2008.00748.x |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0013-0427 |
| ispartof | Economica (London), 2009-02, Vol.76 (301), p.1-19 |
| issn | 0013-0427 1468-0335 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37047676 |
| source | Jstor Complete Legacy; Wiley Online Library Journals Frontfile Complete; PAIS Index; EBSCOhost Business Source Complete |
| subjects | Earnings Economic analysis Economic conditions Economic growth Economic growth models Economic growth rate Economic growth theories Economic models Economic thought Economics Emerging technology GDP Gross Domestic Product Income Knowledge Knowledge economy Mathematical independent variables Productivity Studies Technological change |
| title | Ideas and Growth |
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