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Cited by 13,303

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Endogenous Technological Change

Open access
Romer, Paul·1989·National Bureau of Economic Research
DOI 10.3386/w3210
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Abstract

Growth in this model is driven by technological change that arises from intentional investment decisions made by profit maximizing agents.The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good.Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported, and instead, the equilibrium is one with monopolistic competition.The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.

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Metadata

Authors
Romer, P.
Venue
National Bureau of Economic Research
Publisher
National Bureau of Economic Research
Published
1989-12
DOI
10.3386/w3210
OpenAlex
W3023499496
Cited by
13,303
References
3
Type
report
Language
en
Open access
green

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