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Recombinant Growth

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  • Martin L. Weitzman

Abstract

This paper attempts to provide microfoundations for the knowledge production function in an idea-based growth model. Production of new ideas is made a function of newly reconfigured old ideas in the spirit of the way an agricultural research station develops improved plant varieties by cross-pollinating existing plant varieties. The model shows how knowledge can build upon itself in a combinatoric feedback process that may have significant implications for economic growth. The paper's main theme is that the ultimate limits to growth lie not so much in our ability to generate new ideas as in our ability to process an abundance of potentially new ideas into usable form.

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Bibliographic Info

Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 1722.

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Date of creation: 1995
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Handle: RePEc:fth:harver:1722

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References

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  1. Singh, Nirvikar, 2004. "Transaction Costs, Information Technology and Development," Santa Cruz Center for International Economics, Working Paper Series qt3wq7n6nq, Center for International Economics, UC Santa Cruz.
  2. Hendrik Hakenes & Andreas Irmen, 2007. "On the long-run evolution of technological knowledge," Economic Theory, Springer, vol. 30(1), pages 171-180, January.
  3. Pier Saviotti & Koen Frenken, 2008. "Export variety and the economic performance of countries," Journal of Evolutionary Economics, Springer, vol. 18(2), pages 201-218, April.
  4. Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
  5. Ola Olsson, 2005. "Technological Opportunity and Growth," Journal of Economic Growth, Springer, vol. 10(1), pages 31-53, 01.
  6. Benjamin F. Jones, 2009. "The Burden of Knowledge and the "Death of the Renaissance Man": Is Innovation Getting Harder?," Review of Economic Studies, Oxford University Press, vol. 76(1), pages 283-317.
  7. Bryane Michael, 2004. "Explaining organizational change in international development: the role of complexity in anti-corruption work," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(8), pages 1067-1088.
  8. Rik Wenting, 2008. "Spinoff dynamics and the spatial formation of the fashion design industry, 1858-2005," Journal of Economic Geography, Oxford University Press, vol. 8(5), pages 593-614, September.
  9. Shekhar Aiyar & Carl-Johan Dalgaard & Omer Moav, 2008. "Technological progress and regress in pre-industrial times," Journal of Economic Growth, Springer, vol. 13(2), pages 125-144, June.
  10. Maria Rosaria Carillo & Erasmo Papagni & Fabian Capitanio, 2006. "Effects of social interactions on Scientists’ productivity," Discussion Papers 19_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
  11. Ishtiaq P. Mahmood & Will Mitchell, 2004. "Two Faces: Effects of Business Groups on Innovation in Emerging Economies," Management Science, INFORMS, vol. 50(10), pages 1348-1365, October.
  12. Cowan,Robin & Jonard,Nicolas & Zimmermann,J-B, 2004. "Evolving Networks of Inventors," Research Memorandum 018, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
  13. Mauro Caminati, 2006. "Knowledge growth, complexity and the returns to R&D," Journal of Evolutionary Economics, Springer, vol. 16(3), pages 207-229, August.
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