EconPapers    
Economics at your fingertips  
 

RESOURCE INTRA-ACTIONS AND INTER-ACTIONS: IMPLICATIONS FOR TECHNOLOGICAL CHANGE AND ECONOMIC GROWTH

Voxi Heinrich Amavilah ()

GE, Growth, Math methods from EconWPA

Abstract: W. Arthur Lewis’s distinction between factors and forces of production, and Paul Romer’s insightful identification of the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have enriched economic growth theory. However, both object- idea gaps, and factor-force specialization do not make explicit intra- actions among objects and ideas on the one hand, and the inter-actions among objects and ideas on the other hand. This analysis shows that resource intra-actions and inter-actions are important to technological change, and hence to economic growth. Economies with strong positive resource intra- and inter-actions produce more output than others. In fact, intra- and inter-active economies are characterized by economies of scale (increasing returns in the broad sense) and would produce twice as much output as others, and their rates of growth are high because of it. How useful this analysis can be to policy is left to empirical investigations.

Keywords: resource intra-actions; resource inter-actions; intra-active and inter-active technological change; Lewis-Romer economic growth model (search for similar items in EconPapers)
JEL-codes: O41 D24 O47 O33 Q00 (search for similar items in EconPapers)
Date: 2005-08-19
Note: Type of Document - pdf; pages: 15. jpeg and pdf pics on request
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
http://econwpa.repec.org/eps/ge/papers/0508/0508004.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpge:0508004

Access Statistics for this paper

More papers in GE, Growth, Math methods from EconWPA
Series data maintained by EconWPA ().

 
Page updated 2017-07-29
Handle: RePEc:wpa:wuwpge:0508004