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Knowledge as a Set in Idea Space: An Epistemological View on Growth

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 Olsson, Ola

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Abstract

This article presents a model of knowledge, seen as a set of ideas defined in a multidimensional idea space. Knowledge is created through convex combinations of older ideas and through paradigm shifts. When normal science has made the knowledge set convex, scientific opportunity is exhausted. Individual countries are endowed with different knowledge sets, which gives rise to idea gaps. The growth of a country's knowledge depends on diffusion from other countries, on own production, and on the state of its human capital and institutions. In the long run, economic growth will depend on knowledge growth, but only paradigm shifts can save R&D from diminishing returns. Copyright 2000 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 5 (2000)
Issue (Month): 3 (September)
Pages: 253-75
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Handle: RePEc:kap:jecgro:v:5:y:2000:i:3:p:253-75

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  1. Mark Sanders, 2007. "Scientific Paradigms, Entrepreneurial Opportunities and Cycles in Economic Growth," Small Business Economics, Springer, vol. 28(4), pages 339-354, April. [Downloadable!] (restricted)
  2. Christian Ghiglino, 2007. "Random walk to innovation: why productivity follows a power law," Economics Discussion Papers 627, University of Essex, Department of Economics. [Downloadable!]
  3. Aiyar, Shekhar & Dalgaard, Carl-Johan & Moav, Omer, 2006. "Technological Progress and Regress in Pre-Industrial Times," CEPR Discussion Papers 5454, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  4. Cowan,Robin & Jonard,Nicolas, 2004. "Information Technology and the Dynamics of Joint Innovation," Research Memoranda 014, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  5. Olsson, Ola, 2001. "Why Does Technology Advance in Cycles?," Working Papers in Economics 38, Göteborg University, Department of Economics. [Downloadable!]
  6. Cowan,Robin & Jonard,Nicolas & Zimmermann,J-B, 2004. "Evolving Networks of Inventors," Research Memoranda 018, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
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  7. Zirulia,Lorenzo, 2004. "The evolution of R&D networks," Research Memoranda 007, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  8. Attar, Mustafa A., 2008. "Science in the Third Dimension of R&D," MPRA Paper 9427, University Library of Munich, Germany. [Downloadable!]
  9. Lundström, Susanna, 2003. "Technological Opportunities and Growth in the Natural Resource Sector," Working Papers in Economics 116, Göteborg University, Department of Economics. [Downloadable!]
  10. Olsson, Ola & Hibbs Jr., Douglas A., 2000. "Biogeography and Long-Run Economic Development," Working Papers in Economics 26, Göteborg University, Department of Economics, revised 11 Aug 2000. [Downloadable!]
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