Journal ArticleDOI
A Contribution to the Theory of Economic Growth
Reads0
Chats0
TLDR
In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.Abstract:
I. Introduction, 65. — II. A model of long-run growth, 66. — III. Possible growth patterns, 68. — IV. Examples, 73. — V. Behavior of interest and wage rates, 78. — VI. Extensions, 85. — VII. Qualifications, 91.read more
Citations
More filters
Journal Article
Valuing the future : economic theory and sustainability
TL;DR: In this article, the authors evaluate national welfare and measure national income by considering capital and renewable resources, and propose alternatives to utilitarianism in a broader perspective, using the classical formulation of sustainability within a classical framework.
Journal ArticleDOI
A review of learning rates for electricity supply technologies
TL;DR: In this article, a literature review of the learning rates reported for 11 power generation technologies employing an array of fossil fuels, nuclear, and renewable energy sources is presented, including two-factor models relating cost to cumulative expenditures for research and development (R&D) as well as the cumulative installed capacity or electricity production.
Posted Content
Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run
TL;DR: In this paper, a growth model that is able to match several key facts of economic history is presented, including a virtuous circle: more people produce more ideas, which in turn makes additional population growth possible.
Journal ArticleDOI
From market fixing to market-creating: a new framework for innovation policy
TL;DR: In this paper, the authors consider four key issues that arise from a market-creating framework for policy: decision-making on the direction of change; the nature of (public and private) organizations that can welcome the underlying uncertainty and discovery process; evaluation of mission-oriented and market-creation policies; and the ways in which both risks and rewards can be shared so that smart growth can also result in inclusive growth.
Modern Economic Theory and Development
Karla Hoff,Joseph E. Stiglitz +1 more
TL;DR: In this article, the authors focus on two pivotal questions: What forces can explain the divergence in incomes across countries? And what implications can we draw for the nature of the interventions most likely to promote development?
References
More filters
The journal of political economy
TL;DR: In this paper, the authors explore a hypothesis, based on acIcumulating evidence, regarding the character of inventions likely to issue from the research laboratories of the large industrial corporations.