Growth and Ideas / Charles I. Jones.

By:

Jones, Charles I

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w10767.Publication details: Cambridge, Mass. National Bureau of Economic Research 2004.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w10767 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w10764 Shocks and Government Beliefs: The Rise and Fall of American Inflation /	nber w10765 Technological Progress and Economic Transformation /	nber w10766 Finance and Growth: Theory and Evidence /	nber w10767 Growth and Ideas /	nber w10768 The Impact of China on the Exports of Other Asian Countries /	nber w10769 Social Networks and Trade Liberalization /	nber w1077 Money, Real Interest Rates, and Output: A Reinterpretation of Postwar U.S. Data /	Next

September 2004.

Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.