Endogenous growth in Arrow's Learning by Doing model
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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