The Republican Spirit of Innovism and Long-Run Growth

Danyang Xie and Heng-Fu Zou ()

No 803, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: This paper embeds the republican spirit of innovism-dignity for ordinary people, liberty of entry and speech, and fair reward-into a modern ideas-based growth model to explain the Great Enrichment. Innovism is treated as a produced, nonrival social technology that multiplies production and raises the effectiveness of research, reconciling economic history with a semi-endogenous Jones framework. Small, persistent gains in civic permission and legal predictability sustain the frontier’s one-to-two percent per-capita growth as demographics slow, while backsliding lowers the slope. The model yields transparent balanced-growth conditions, ties adjudication and entry reforms to capital deepening, and shows how open science enhances research productivity.

Pages: 24 pages
Date: 2025-11-24
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