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Feenstra, Robert C. - 1992

In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...

Persistent link: https://www.econbiz.de/10012474859

Population and Ideas : A Theory of Endogenous Growth

Jones, Charles I. - 1997

Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing...

Persistent link: https://www.econbiz.de/10012472528

Finding Needles in Haystacks : Artificial Intelligence and Recombinant Growth

Agrawal, Ajay - 2018

Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …

Persistent link: https://www.econbiz.de/10012453175

The (Changing) Knowledge Production Function : Evidence from the MIT Department of Biology for 1970-2000

Conti, Annamaria - 2014

production of academic knowledge. Using data from the MIT Department of Biology for the period 1970-2000, we analyze the … trainee's laboratory. We interpret these results in light of the following two paradigms: the increased burden of knowledge …

Persistent link: https://www.econbiz.de/10012458627

Innovating Firms and Aggregate Innovation

Klette, Tor Jakob - 2002

We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogenous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...

Persistent link: https://www.econbiz.de/10012469896

Investment in New Activities and the Welfare Cost of Uncertainty

Aizenman, Joshua - 1995

Recent literature has highlighted the importance of new activities in development and growth. It was shown that trade distortions such as tariffs are associated with first-order costs stemming from the induced drop in the formation of new activities. This paper demonstrates that uncertainty may...

Persistent link: https://www.econbiz.de/10012473852

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long …-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous …

Persistent link: https://www.econbiz.de/10012474415