Journal ArticleDOI
Goods Production, Learning by Doing, and Growth in a Region with Creative and Physical Capital
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TLDR
In this article, the effects of learning by doing resulting from the production of a final good on economic growth in a region that is creative in the sense of Richard Florida are studied.Abstract:
We study the effects of learning by doing resulting from the production of a final good on economic growth in a region that is creative in the sense of Richard Florida. Firms in this region use creative and physical capital to produce output. We model learning by doing formally and our analysis of the working of this creative region leads to four results. First, we derive analytic expressions for the growth rates of physical capital and technology. Second, we draw phase diagrams and show that in the steady state, the preceding two growth rates must be equal. Third, we show that the economy of our creative region converges to a balanced growth path (BGP) in which the growth rates of physical capital, technology, and the output of the final good are identical. Finally, we investigate the impact that an increase in the savings rate has on the economic growth of our creative region in the long run.read more
Citations
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Technology progress bias, industrial structure adjustment, and regional industrial economic growth motivation —— Research on regional industrial transformation and upgrading based on the effect of learning by doing
TL;DR: In this paper, the authors improved the decomposition of the traditional Malmquist DEA index to distinguish and quantify the effects of independent innovation and learning by doing and analyzes the impact of R&D and learning-by-doing on regional industrial development during the 12th Five-Year Plan (FYP) (2011-2015).
Journal ArticleDOI
Dynamic control of a multiproduct monopolist firm’s product and process innovation
TL;DR: The main objective is to investigate the optimal decision behavior of a multiproduct monopolist investing in product and process innovation with knowledge accumulation resulting from learning by doing under the monopolist optimum and social planner optimum.
Journal ArticleDOI
Using local public goods to attract and retain the creative class: A tale of two cities
TL;DR: In this article, the authors study the impact that the provision of a local public good (LPG) by two cities has on their ability to attract and retain members of the creative class.
Journal ArticleDOI
Creative Capital, Information and Communication Technologies, and Economic Growth in Smart Cities
TL;DR: In this article, the authors study aspects of economic growth in a stylized smart city and derive expressions for three growth related metrics to show that the economy of smart city A converges to a balanced growth path (BGP).
References
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Book
The Rise of the Creative Class
TL;DR: Rise as discussed by the authors is a book that explores the forces reshaping our economy and how companies, communities and people can survive and prosper in difficult and uncertain times by weaving storytelling with reams of cutting-edge research.
Posted Content
Toward the Learning Region
TL;DR: In this paper, the authors present a much-needed conceptualization of "the learning region" and scrutinize key concepts and issues surrounding this phenomenon, which are then discussed in the context of recent literature.
Journal ArticleDOI
Inside the black box of regional development— human capital, the creative class and tolerance
TL;DR: Inside the Black Box of Regional Development: Human capital, the creative class and tolerance as discussed by the authors, the authors of this paper discuss the importance of human capital, creativity, and tolerance in regional development.