Endogenous growth in Arrow's Learning by Doing model

Antoine d'Autume () and Philippe Michel
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Antoine d'Autume: EUREQUA - Equipe Universitaire de Recherche en Economie Quantitative - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Although Arrow's Learning by Doing model is recognized as a forerunner of recent models of endogenous growth, it seems that the virtues of Arrow's approach are frequently overlooked. We show that endogenous growth is possible in the original Arrow framework and we examine how the analysis in terms of a vintage technology, with the intertemporal nature of the externality which it implies, differs from the one in the Romer (1986) paper.

Keywords: endogenous; growth (search for similar items in EconPapers)
Date: 1993-08
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Citations: View citations in EconPapers (2)

Published in European Economic Review, 1993, 37 (6), pp.1175-1184. ⟨10.1016/0014-2921(93)90128-W⟩

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Journal Article: Endogenous growth in Arrow's Learning by Doing model (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00430034

DOI: 10.1016/0014-2921(93)90128-W

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