Using and producing ideas in computable endogenous growth

K. Vela Velupillai ()

No 516, Department of Economics Working Papers from Department of Economics, University of Trento, Italia

Abstract: It is shown that Paul Romer�s suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a modelling exercise imparts a natural evolutionary flavour to growth models. However, it is also shown that the policy implications are formally indeterminate in a precise and effective sense.

Keywords: endogenous growth; algorithmic ideas; computable growth (search for similar items in EconPapers)
JEL-codes: C63 D24 E10 O41 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-cbe, nep-cmp and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpde:0516

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