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Endogenous growth in Arrow's Learning by Doing model

Author

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  • Antoine d'Autume

    (EUREQUA - Equipe Universitaire de Recherche en Economie Quantitative - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Philippe Michel

    (CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain = Catholic University of Louvain)

Abstract

Although Arrow's Learning by Doing model is recognized as a forerunner of recent models of endogenous growth, it seems that the virtues of Arrow's approach are frequently overlooked. We show that endogenous growth is possible in the original Arrow framework and we examine how the analysis in terms of a vintage technology, with the intertemporal nature of the externality which it implies, differs from the one in the Romer (1986) paper.

Suggested Citation

  • Antoine d'Autume & Philippe Michel, 1993. "Endogenous growth in Arrow's Learning by Doing model," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00430034, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00430034
    DOI: 10.1016/0014-2921(93)90128-W
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    Cited by:

    1. Magali Jaoul-Grammare, 2007. "Enseignement supérieur et croissance économique. Analyse économétrique de l’hypothèse d’Aghion & Cohen," Working Papers 07-10, Association Française de Cliométrie (AFC).
    2. Carine Nourry, 2012. "Dasgupta, D.: Modern growth theory," Journal of Economics, Springer, vol. 105(1), pages 97-100, January.
    3. d’Albis, Hippolyte & Augeraud-Veron, Emmanuelle & Venditti, Alain, 2012. "Business cycle fluctuations and learning-by-doing externalities in a one-sector model," Journal of Mathematical Economics, Elsevier, vol. 48(5), pages 295-308.
    4. Stanislao Gualdi & Antoine Mandel, 2019. "Endogenous growth in production networks," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 91-117, March.
    5. Perez-Barahona, Agustin & Zou, Benteng, 2006. "A comparative study of energy saving technical progress in a vintage capital model," Resource and Energy Economics, Elsevier, vol. 28(2), pages 181-191, May.
    6. Alain AYONG LE KAMA, 2004. "La consommation de ressources environnementales en incertitude," Discussion Papers (REL - Recherches Economiques de Louvain) 2004031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Loek Groot, 2004. "La consommation de ressources environnementales en incertitude," Recherches économiques de Louvain, De Boeck Université, vol. 70(3), pages 255-286.
    8. Schneider, Johannes & Ziesemer, Thomas, 1994. "What's New and What's Old in New Growth Theory: Endogenous Technology, Microfoundation, and Growth Rate Predictions," MPRA Paper 56132, University Library of Munich, Germany.

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    Keywords

    endogenous growth;

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