Thinking and growing: Towards a reconciliation of exogenous and endogenous growth theories

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2013-01-01 DOI:10.3233/JEM-130375

René Durand

引用次数: 0

Abstract

Endogenous growth models consider the stock of R&D (or knowledge) both as a paid input and as an indicator of technical progress. It is shown in this paper that this is inconsistent with core economic theory. In addition, growth eventually stalls in these models unless one assumes increasing returns to scale in all inputs or allows for some exogenous technical progress to occur. This paper shows that neither of these assumptions are necessary to obtain sustained endogenous growth when inputs are properly defined and when a new input is introduced that we call thinking.

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思考与成长:走向外生与内生增长理论的调和

内生增长模型将研发(或知识)存量既视为有偿投入，又视为技术进步的指标。本文表明，这与核心经济学理论是不一致的。此外，在这些模型中，除非假设所有投入的规模回报都在增加，或者允许一些外生技术进步发生，否则增长最终会停滞。本文表明，当投入得到适当的定义时，当引入我们称之为思考的新投入时，这些假设都不是获得持续内生增长所必需的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.