Learning-by-Doing and the Introduction of New Goods

Preprint

preprint

Published in RePEc

Abstract

A dynamic general equilibrium model is developed in which goods are valued according to the characteristics they contain; the set of goods produced in any period is endogenously determined; and learning by doing is the force behind sustained growth. It is shown that the set of produced goods changes in a systematic way over time, with goods of higher quality entering each period and those of lower quality dropping out. The model is then used to study the effect of introducing a "traditional" sector in which there is no learning. Copyright 1988 by University of Chicago Press. (This abstract was borrowed from another version of this item.)

Keywords

MODEL
COPYRIGHT
INTRODUCTION
PRESS
CHICAGO
GOODS
DROPPING
ITEM
BORROWED
ENDOGENOUSLY

All Related Versions

Version 1, RePEc

This publication has 0 references indexed in Scilit: