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Growth and Ideas

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Author Info
Charles I. Jones

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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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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10767.

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Date of creation: Sep 2004
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Handle: RePEc:nbr:nberwo:10767

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O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General

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