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Resource Intra-Actions And Inter-Actions: Implications For Technological Change And Economic Growth

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  • Voxi Heinrich Amavilah

    (Glendale & REEPS)

Abstract

W. Arthur Lewis’s distinction between factors and forces of production, and Paul Romer’s insightful identification of the poverty of objects and the lack of ideas, as central to economic growth rate differences across economies, have enriched economic growth theory. However, both object- idea gaps, and factor-force specialization do not make explicit intra- actions among objects and ideas on the one hand, and the inter-actions among objects and ideas on the other hand. This analysis shows that resource intra-actions and inter-actions are important to technological change, and hence to economic growth. Economies with strong positive resource intra- and inter-actions produce more output than others. In fact, intra- and inter-active economies are characterized by economies of scale (increasing returns in the broad sense) and would produce twice as much output as others, and their rates of growth are high because of it. How useful this analysis can be to policy is left to empirical investigations.

Suggested Citation

  • Voxi Heinrich Amavilah, 2005. "Resource Intra-Actions And Inter-Actions: Implications For Technological Change And Economic Growth," GE, Growth, Math methods 0508004, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpge:0508004
    Note: Type of Document - pdf; pages: 15. jpeg and pdf pics on request
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/ge/papers/0508/0508004.pdf
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    References listed on IDEAS

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    1. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    2. Swan, Trevor W, 2002. "Economic Growth," The Economic Record, The Economic Society of Australia, vol. 78(243), pages 375-380, December.
    3. Mark Rogers, 2003. "A Survey of Economic Growth," The Economic Record, The Economic Society of Australia, vol. 79(244), pages 112-135, March.
    4. Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December.
    5. Graca, Job & Jafarey, Saqib & Philippopoulos, Apostolis, 1995. "Interaction of Human and Physical Capital in a Model of Endogenous Growth," Economic Change and Restructuring, Springer, vol. 28(2-3), pages 93-118.
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    Citations

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    Cited by:

    1. Amavilah, Voxi Heinrich, 2014. "Knowledge = Technology + Human Capital and the Lucas and Romer Production Functions," MPRA Paper 58847, University Library of Munich, Germany.
    2. Amavilah, Voxi Heinrich, 2010. "Introducing Anthropological Foundations of Economic Behavior, Organization, and Control," MPRA Paper 22921, University Library of Munich, Germany.
    3. Amavilah, Voxi Heinrich, 2007. "The effects of technology-as-knowledge on the economic performance of developing countries: An econometric analysis using annual publications data for Botswana, Namibia, and South Africa, 1976-2004," MPRA Paper 3482, University Library of Munich, Germany.
    4. Amavilah, Voxi Heinrich, 2014. "Sir W. Arthur Lewis and the Africans: Overlooked Economic Growth Lessons," MPRA Paper 57126, University Library of Munich, Germany.
    5. Amavilah, Voxi Heinrich, 2014. "Human Knowledge and a Commonsensical Measure of Human Capital: A Proposal," MPRA Paper 57670, University Library of Munich, Germany.
    6. Amavilah, Voxi Heinrich, 2011. "The Full Value of the Nobel Prize - Part 1: Mining “Data Without Theory”," MPRA Paper 33483, University Library of Munich, Germany.

    More about this item

    Keywords

    resource intra-actions; resource inter-actions; intra-active and inter-active technological change; Lewis-Romer economic growth model;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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