It is shown that Paul Romer‘s suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a modelling exercise imparts a natural evolutionary flavour to growth models. However, it is also shown that the policy implications are formally indeterminate in a precise and effective sense.
Using and Producing Ideas in Computable Endogenous Growth / Velupillai, K. Vela. - ELETTRONICO. - (2005), pp. 1-21.
Using and Producing Ideas in Computable Endogenous Growth
Velupillai, K. Vela
2005-01-01
Abstract
It is shown that Paul Romer‘s suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a modelling exercise imparts a natural evolutionary flavour to growth models. However, it is also shown that the policy implications are formally indeterminate in a precise and effective sense.File in questo prodotto:
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