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Idea Flows and Economic Growth

Author

Listed:
  • Francisco J. Buera

    (Department of Economics, Washington University in St. Louis, St. Louis, Missouri 63130, USA)

  • Robert E. Lucas

    (Department of Economics, University of Chicago, Chicago, Illinois 60637, USA)

Abstract

We review new theories of learning that posit specific, distinct roles for the learner or innovator and their intellectual environment. We consider applications to the dynamics of individual earnings over the life cycle, the diffusion of knowledge within an organization and firm dynamics, and the role of trade in the diffusion of ideas.

Suggested Citation

  • Francisco J. Buera & Robert E. Lucas, 2018. "Idea Flows and Economic Growth," Annual Review of Economics, Annual Reviews, vol. 10(1), pages 315-345, August.
    • Handle: RePEc:anr:reveco:v:10:y:2018:p:315-345
    DOI: 10.1146/annurev-economics-063016-104414
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    More about this item

    Keywords

    diffusion; economic growth; human capital; idea flows; innovation; productivity;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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