Growth and Ideas

Charles I. Jones ()

No 10767, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.

JEL-codes: O40 E10 (search for similar items in EconPapers)
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Date: Written
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Chapter: Growth and Ideas (2005)
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