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Demand-Side Characteristics of the Learning Economy: A Preliminary Assessment

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  • John A. Cotsomitis

Abstract

The aim of the paper is to redress the almost exclusive supply-side focus of the existing studies on the learning economy. We first survey those strands of the economic literature that highlight the importance of the demand-side for long-term growth, following which we narrow our focus to a specific aspect of contemporary aggregate demand-consumer demand for quality amenity-and the role it plays in the emergence of the learning economy. We then go on to examine some previously not considered preconditions that fuel the growth of the learning economy, namely on the demand-side and dynamic feedback loops between supply and demand.

Suggested Citation

  • John A. Cotsomitis, 2014. "Demand-Side Characteristics of the Learning Economy: A Preliminary Assessment," Review of Political Economy, Taylor & Francis Journals, vol. 26(3), pages 449-473, July.
    • Handle: RePEc:taf:revpoe:v:26:y:2014:i:3:p:449-473
    DOI: 10.1080/09538259.2014.937898
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    References listed on IDEAS

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    1. Joan Robinson, 1962. "Essays in the Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00626-7, June.
    2. Charles I. Jones & Paul M. Romer, 2010. "The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 224-245, January.
    3. Davide Gualerzi, 2001. "Consumption and Growth," Books, Edward Elgar Publishing, number 2433.
    4. Steven Payson, 1994. "Quality Measurement in Economics," Books, Edward Elgar Publishing, number 351.
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    Cited by:

    1. John A. Cotsomitis, 2022. "The Learning Economy Regime," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 687-722, March.

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