Growth and Ideas
Charles Jones ()
Chapter 16 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1063-1111 from Elsevier
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.
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Working Paper: Growth and Ideas (2004)
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