A Model of Total Factor Productivity Built on Hayek’s View of Knowledge: What Really Went Wrong with Socialist Planned Economies?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Romer, Paul M, 1986.
"Increasing Returns and Long-run Growth,"
Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
- Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
- Patrick Criqui & Jean-Marie Martin & Leo Schrattenholzer & Tom Kram & Luc Soete & Adriaan Van Zon, 2000. "Energy technology dynamics," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 14(1/2/3/4), pages 65-103.
- Joskow, Paul L & Rozanski, George A, 1979.
"The Effects of Learning by Doing on Nuclear Plant Operating Reliability,"
The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 161-168, May.
- P. L. Joskow & G. A. Rozanski, 1977. "The Effects of Learning by Doing on Nuclear Plant Operating Reliability," Working papers 209, Massachusetts Institute of Technology (MIT), Department of Economics.
- Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
- Harashima, Taiji, 2010. "An Asymptotically Non-Scale Endogenous Growth Model," MPRA Paper 26025, University Library of Munich, Germany.
- Papineau, Maya, 2006. "An economic perspective on experience curves and dynamic economies in renewable energy technologies," Energy Policy, Elsevier, vol. 34(4), pages 422-432, March.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Argote, L. & Epple, D., 1990. "Learning Curves In Manufacturing," GSIA Working Papers 89-90-02, Carnegie Mellon University, Tepper School of Business.
- Mikael Lindahl & Alan B. Krueger, 2001.
"Education for Growth: Why and for Whom?,"
Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," NBER Working Papers 7591, National Bureau of Economic Research, Inc.
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," Working Papers 808, Princeton University, Department of Economics, Industrial Relations Section..
- Burton A. Weisbrod, 1966. "Investing in Human Capital," Journal of Human Resources, University of Wisconsin Press, vol. 1(1), pages 5-21.
- Baldwin, Carliss & Hienerth, Christoph & von Hippel, Eric, 2006. "How user innovations become commercial products: A theoretical investigation and case study," Research Policy, Elsevier, vol. 35(9), pages 1291-1313, November.
- Miketa, Asami & Schrattenholzer, Leo, 2004. "Experiments with a methodology to model the role of R&D expenditures in energy technology learning processes; first results," Energy Policy, Elsevier, vol. 32(15), pages 1679-1692, October.
- Edward P. Lazear, 2009.
"Firm-Specific Human Capital: A Skill-Weights Approach,"
Journal of Political Economy, University of Chicago Press, vol. 117(5), pages 914-940, October.
- Edward P. Lazear, 2003. "Firm-Specific Human Capital: A Skill-Weights Approach," NBER Working Papers 9679, National Bureau of Economic Research, Inc.
- Lazear, Edward, 2003. "Firm-Specific Human Capital: A Skill-Weights Approach," IZA Discussion Papers 813, Institute of Labor Economics (IZA).
- Linda Argote & Bill McEvily & Ray Reagans, 2003. "Managing Knowledge in Organizations: An Integrative Framework and Review of Emerging Themes," Management Science, INFORMS, vol. 49(4), pages 571-582, April.
- Dudley, Leonard, 1972. "Learning and Productivity Change in Metal Products," American Economic Review, American Economic Association, vol. 62(4), pages 662-669, September.
- Pietro Peretto & Sjak Smulders, 2002.
"Technological Distance, Growth And Scale Effects,"
Economic Journal, Royal Economic Society, vol. 112(481), pages 603-624, July.
- Peretto, P. & Smulders, J.A., 2002. "Technological distance, growth and scale effects," Other publications TiSEM bdce08a7-4ad9-4427-a99e-f, Tilburg University, School of Economics and Management.
- Womer, N Keith & Patterson, J Wayne, 1983. "Estimation and Testing of Learning Curves," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(4), pages 265-272, October.
- K. J. Arrow, 1971.
"The Economic Implications of Learning by Doing,"
Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149,
Palgrave Macmillan.
- Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(3), pages 155-173.
- Martin B. Zimmerman, 1982. "Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear Power," Bell Journal of Economics, The RAND Corporation, vol. 13(2), pages 297-310, Autumn.
- Charles I. Jones, 2005.
"The Shape of Production Functions and the Direction of Technical Change,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(2), pages 517-549.
- Charles I. Jones, 2004. "The Shape of Production Function and the Direction of Technical Change," NBER Working Papers 10457, National Bureau of Economic Research, Inc.
- Oskar Lange, 1936. "On the Economic Theory of Socialism," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(1), pages 53-71.
- Jakub Growiec, 2008.
"A new class of production functions and an argument against purely labor‐augmenting technical change,"
International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(4), pages 483-502, December.
- Growiec, Jakub, 2006. "A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change," MPRA Paper 7069, University Library of Munich, Germany.
- GROWIEC, Jakub, 2006. "A new class of production functions and an argument against purely labor-augmenting technical change," LIDAM Discussion Papers CORE 2006056, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Olav Sorenson, 2003. "Interdependence and Adaptability: Organizational Learning and the Long--Term Effect of Integration," Management Science, INFORMS, vol. 49(4), pages 446-463, April.
- Linda Argote & Sara L. Beckman & Dennis Epple, 1990. "The Persistence and Transfer of Learning in Industrial Settings," Management Science, INFORMS, vol. 36(2), pages 140-154, February.
- Lynch, Lisa M, 1991. "The Role of Off-the-Job vs. On-the-Job Training for the Mobility of Women Workers," American Economic Review, American Economic Association, vol. 81(2), pages 151-156, May.
- Gary S. Becker, 1962.
"Investment in Human Capital: A Theoretical Analysis,"
NBER Chapters, in: Investment in Human Beings, pages 9-49,
National Bureau of Economic Research, Inc.
- Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70(5), pages 1-9.
- Charles I. Jones, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 495-525.
- Oskar Lange, 1937. "On the Economic Theory of Socialism: Part Two," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 123-142.
- McDonald, Alan & Schrattenholzer, Leo, 2001. "Learning rates for energy technologies," Energy Policy, Elsevier, vol. 29(4), pages 255-261, March.
- Norman Keith Womer, 1984. "Estimating Learning Curves from Aggregate Monthly Data," Management Science, INFORMS, vol. 30(8), pages 982-992, August.
- Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October.
- F. A. Hayek, 2005. "The Use of Knowledge in Society," World Scientific Book Chapters, in: Guang-Zhen Sun (ed.), Readings In The Economics Of The Division Of Labor The Classical Tradition, chapter 25, pages 270-284, World Scientific Publishing Co. Pte. Ltd..
- Paul S. Adler & Kim B. Clark, 1991. "Behind the Learning Curve: A Sketch of the Learning Process," Management Science, INFORMS, vol. 37(3), pages 267-281, March.
- Nemet, Gregory F., 2006. "Beyond the learning curve: factors influencing cost reductions in photovoltaics," Energy Policy, Elsevier, vol. 34(17), pages 3218-3232, November.
- Jones, Charles I, 1995. "R&D-Based Models of Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 103(4), pages 759-784, August.
- Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66(4), pages 281-281.
- Graham Hall & Sydney Howell, 1985. "The experience curve from the economist's perspective," Strategic Management Journal, Wiley Blackwell, vol. 6(3), pages 197-212, July.
- Harashima, Taiji, 2009. "A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element," MPRA Paper 15508, University Library of Munich, Germany.
- Marvin B. Lieberman, 1984. "The Learning Curve and Pricing in the Chemical Processing Industries," RAND Journal of Economics, The RAND Corporation, vol. 15(2), pages 213-228, Summer.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Harashima, Taiji, 2016. "The Impending Long March of the Chinese Economy," MPRA Paper 73275, University Library of Munich, Germany.
- Harashima, Taiji, 2014. "Division of Work and Fragmented Information: An Explanation for the Diminishing Marginal Product of Labor," MPRA Paper 56301, University Library of Munich, Germany.
- Harashima, Taiji, 2017. "A Theory on the Economic Impacts of Immigration," MPRA Paper 78821, University Library of Munich, Germany.
- Harashima, Taiji, 2012. "A Theory of Intelligence and Total Factor Productivity: Value Added Reflects the Fruits of Fluid Intelligence," MPRA Paper 43151, University Library of Munich, Germany.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Harashima, Taiji, 2009. "A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element," MPRA Paper 15508, University Library of Munich, Germany.
- Harashima, Taiji, 2012. "A Theory of Intelligence and Total Factor Productivity: Value Added Reflects the Fruits of Fluid Intelligence," MPRA Paper 43151, University Library of Munich, Germany.
- Harashima, Taiji, 2014. "Division of Work and Fragmented Information: An Explanation for the Diminishing Marginal Product of Labor," MPRA Paper 56301, University Library of Munich, Germany.
- Harashima, Taiji, 2017. "A Theory on the Economic Impacts of Immigration," MPRA Paper 78821, University Library of Munich, Germany.
- Lafond, François & Bailey, Aimee Gotway & Bakker, Jan David & Rebois, Dylan & Zadourian, Rubina & McSharry, Patrick & Farmer, J. Doyne, 2018.
"How well do experience curves predict technological progress? A method for making distributional forecasts,"
Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 104-117.
- Franc{c}ois Lafond & Aimee Gotway Bailey & Jan David Bakker & Dylan Rebois & Rubina Zadourian & Patrick McSharry & J. Doyne Farmer, 2017. "How well do experience curves predict technological progress? A method for making distributional forecasts," Papers 1703.05979, arXiv.org, revised Sep 2017.
- Capolupo, Rosa, 2009.
"The New Growth Theories and Their Empirics after Twenty Years,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-72.
- Capolupo, Rosa, 2008. "The New Growth Theories and Their Empirics after Twenty Years," Economics Discussion Papers 2008-27, Kiel Institute for the World Economy (IfW Kiel).
- Nadeau, Marie-Claude & Kar, Ashish & Roth, Richard & Kirchain, Randolph, 2010. "A dynamic process-based cost modeling approach to understand learning effects in manufacturing," International Journal of Production Economics, Elsevier, vol. 128(1), pages 223-234, November.
- ?gel de la Fuente, "undated".
"Convergence Across Countries And Regions: Theory And Empirics,"
UFAE and IAE Working Papers
447.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Angel de la Fuente, 2002. "Convergence across countries and regions: theory and empirics," UFAE and IAE Working Papers 555.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- de la Fuente, Angel, 2000. "Convergence Across Countries And Regions: Theory And Empirics," CEPR Discussion Papers 2465, C.E.P.R. Discussion Papers.
- Sylwia Zajączkowska-Jakimiak, 2006. "Wiedza techniczna i kapitał ludzki w teorii wzrostu gospodarczego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 47-69.
- Linda Argote & Sunkee Lee & Jisoo Park, 2021. "Organizational Learning Processes and Outcomes: Major Findings and Future Research Directions," Management Science, INFORMS, vol. 67(9), pages 5399-5429, September.
- Jean-Luc Demeulemeester & Claude Diebolt, 2011.
"Education and Growth: What Links for Which Policy?,"
Historical Social Research (Section 'Cliometrics'), Association Française de Cliométrie (AFC), vol. 36(4), pages 323-346.
- Demeulemeester Jean-Luc & Diebolt Claude, 2009. "Education and Growth: What Links for Which Policy?," Working Papers 09-03, Association Française de Cliométrie (AFC).
- Jean Luc De Meulemeester & Claude Diebolt, 2011. "Education and Growth: What Links for which policy," ULB Institutional Repository 2013/147669, ULB -- Universite Libre de Bruxelles.
- Mine Yilmazer & Serkan inar, 2015. "Human Capabilities and Economic Growth: A Comparative Human Capability Index," International Journal of Economics and Financial Issues, Econjournals, vol. 5(4), pages 843-853.
- Jean Luc de Meulemeester & Claude Diebolt, 2007.
"Education et croissance : quel lien, pour quelle politique ?,"
Working Papers
07-08, Association Française de Cliométrie (AFC).
- Jean Luc De Meulemeester & Claude Diebolt, 2007. "Education et croissance: quel lien pour quelle politique?," ULB Institutional Repository 2013/13544, ULB -- Universite Libre de Bruxelles.
- Jean Luc De Meulemeester, 2007.
"L'économie de l'éducation fait-elle des progrès? Une perspective d'histoire de la pensée économique,"
Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 50(1), pages 89-111.
- Jean Luc De Meulemeester, 2007. "L'économie de l'éducation fait-elle des progrès? Une perspective d'histoire de la pensée économique," DULBEA Working Papers 07-15.RS, ULB -- Universite Libre de Bruxelles.
- Santhakumar, Srinivasan & Meerman, Hans & Faaij, André, 2021. "Improving the analytical framework for quantifying technological progress in energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
- Desroches, Louis-Benoit & Garbesi, Karina & Kantner, Colleen & Van Buskirk, Robert & Yang, Hung-Chia, 2013. "Incorporating experience curves in appliance standards analysis," Energy Policy, Elsevier, vol. 52(C), pages 402-416.
- Thompson, Peter, 2010. "Learning by Doing," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 429-476, Elsevier.
- Amavilah, Voxi Heinrich, 2014. "Knowledge = Technology + Human Capital and the Lucas and Romer Production Functions," MPRA Paper 58847, University Library of Munich, Germany.
- Samadi, Sascha, 2018. "The experience curve theory and its application in the field of electricity generation technologies – A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2346-2364.
- Petrakis, P.E. & Stamatakis, D., 2005. "Human capital, growth and convergence traps: Implications from a cross-country analysis," Proceedings of the German Development Economics Conference, Kiel 2005 26, Verein für Socialpolitik, Research Committee Development Economics.
More about this item
Keywords
Hayek; Market economy; Socialist planned economy; Total factor productivity; Innovation; Experience curve effect; China;All these keywords.
JEL classification:
- P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EFF-2011-03-05 (Efficiency and Productivity)
- NEP-HPE-2011-03-05 (History and Philosophy of Economics)
- NEP-TRA-2011-03-05 (Transition Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:29107. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.