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Growth and Ideas

In: Handbook of Economic Growth

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  • Jones, Charles I.

Abstract

Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.

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  • Philippe Aghion & Steven Durlauf (ed.), 2005. "Handbook of Economic Growth," Handbook of Economic Growth, Elsevier, edition 1, volume 1, number 1, Fall.
    This item is provided by Elsevier in its series Handbook of Economic Growth with number 1-16.

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