Economic Growth Generated by Endogenous Evolution in Division of Labor

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 18 in Inframarginal Economics, 2008, pp 565-604 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Economies of Specialized Learning by Doing and Endogenous Evolution in Division of LaborA Smithian Dynamic Model with Learning by DoingOptimum Speed of Learning by Doing and Evolution of Endogenous Comparative AdvantageThe function of contractsAn individual's dynamic decision problemDynamic equilibriumEndogenous Evolution of the Extent of the Market, Trade Dependence, Endogenous Comparative Advantages, and Economic StructureEmpirical Evidences and Rethinking Development Economics and Endogenous Growth TheoryAppendix 18.1: The Relationship between the Control Theory and Calculus of VariationsFurther ReadingExercises

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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