Recombinant Growth

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ID: 302123
1998
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Abstract
This paper attempts to provide microfoundations for the knowledge production function in an idea-based growth model.Production of new ideas is made a function of newly reconfigured old ideas in the spirit of the way an agricultural research station develops improved plant varieties by cross-pollinating existing plant varieties.The model shows how knowledge can build upon itself in a combinatoric feedback process that may have significant implications for economic growth.The paper's main theme is that the ultimate limits to growth lie not so much in our ability to generate new ideas as in our ability to process an abundance of potentially new ideas into usable form.* A special debt of gratitude is owed the two anonymous referees, who provided unusually incisive criticisms and forced me to rethink the paper several times, resulting, I hope, in a version that is much more digestible.Because the referees, nevertheless, did not agree completely with some of my interpretations, the usual caveat applies here with full force.
Reference Key
openalex_W4234441199 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors M. L. Weitzman
Journal the quarterly journal of economics
Year 1998
DOI
10.1162/003355398555595
URL
https://doi.org/10.1162/003355398555595
Keywords Keywords not found

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