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Endogenous growth in Arrow's Learning by Doing model


  • d'Autume, Antoine
  • Michel, Philippe


Although Arrow's Learning by Doing model is recognized as a forerunner of recent models of endogenous growth, it seems that the virtues of Arrow's approach are frequently overlooked. We show that endogenous growth is possible in the original Arrow framework and we examine how the analysis in terms of a vintage technology, with the intertemporal nature of the externality which it implies, differs from the one in the Romer (1986) paper.
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  • d'Autume, Antoine & Michel, Philippe, 1993. "Endogenous growth in Arrow's Learning by Doing model," European Economic Review, Elsevier, vol. 37(6), pages 1175-1184, August.
  • Handle: RePEc:eee:eecrev:v:37:y:1993:i:6:p:1175-1184

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    References listed on IDEAS

    1. Baumol, William J, 1986. "Unnatural Value: Or Art Investment as Floating Crap Game," American Economic Review, American Economic Association, vol. 76(2), pages 10-14, May.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Chanel, O. & Gerard-Varet, L.A. & Ginsburgh, V., 1990. "Is Art Such A Bad Investment?," G.R.E.Q.A.M. 90b03, Universite Aix-Marseille III.
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    Cited by:

    1. Carine Nourry, 2012. "Dasgupta, D.: Modern growth theory," Journal of Economics, Springer, vol. 105(1), pages 97-100, January.
    2. Perez-Barahona, Agustin & Zou, Benteng, 2006. "A comparative study of energy saving technical progress in a vintage capital model," Resource and Energy Economics, Elsevier, vol. 28(2), pages 181-191, May.
    3. d’Albis, Hippolyte & Augeraud-Veron, Emmanuelle & Venditti, Alain, 2012. "Business cycle fluctuations and learning-by-doing externalities in a one-sector model," Journal of Mathematical Economics, Elsevier, vol. 48(5), pages 295-308.
    4. Loek Groot, 2004. "La consommation de ressources environnementales en incertitude," Recherches économiques de Louvain, De Boeck Université, vol. 70(3), pages 255-286.
    5. Schneider, Johannes & Ziesemer, Thomas, 1994. "What's New and What's Old in New Growth Theory: Endogenous Technology, Microfoundation, and Growth Rate Predictions," MPRA Paper 56132, University Library of Munich, Germany.
    6. Magali Jaoul-Grammare, 2007. "Enseignement supérieur et croissance économique. Analyse économétrique de l’hypothèse d’Aghion & Cohen," Working Papers 07-10, Association Française de Cliométrie (AFC).
    7. repec:hal:journl:halshs-00717198 is not listed on IDEAS
    8. Alain AYONG LE KAMA, 2004. "La consommation de ressources environnementales en incertitude," Discussion Papers (REL - Recherches Economiques de Louvain) 2004031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    9. Stanislao Gualdi & Antoine Mandel, 2016. "Endogenous Growth in Production Networks," Documents de travail du Centre d'Economie de la Sorbonne 16054, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

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