Using and Producing Ideas in Computable Endogenous Growth

Velupillai, K. Vela (2005) Using and Producing Ideas in Computable Endogenous Growth. UNSPECIFIED. (Unpublished)

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    It is shown that Paul Romer‘s suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a modelling exercise imparts a natural evolutionary flavour to growth models. However, it is also shown that the policy implications are formally indeterminate in a precise and effective sense.

    Item Type: Departmental Technical Report
    Department or Research center: Economics
    Subjects: H Social Sciences > HB Economic Theory
    Uncontrolled Keywords: endogenous growth, algorithmic ideas, computable growth
    Report Number: 16
    Repository staff approval on: 13 Dec 2005

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