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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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File URL: http://www.sciencedirect.com/science/article/pii/0014-2921(93)90128-W
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Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 37 (1993)
Issue (Month): 6 (August)
Pages: 1175-1184

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Handle: RePEc:eee:eecrev:v:37:y:1993:i:6:p:1175-1184
Contact details of provider: Web page: http://www.elsevier.com/locate/eer

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