| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17495 |
| 来源ID | Working Paper 17495 |
| Knowledge Growth and the Allocation of Time | |
| Robert E. Lucas, Jr.; Benjamin Moll | |
| 发表日期 | 2011-10-13 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We analyze a model economy with many agents, each with a different productivity level. Agents divide their time between two activities: producing goods with the production-related knowledge they already have, and interacting with others in search of new, productivity-increasing ideas. These choices jointly determine the economy's current production level and its rate of learning and real growth. Individuals' time allocation decisions depend on the knowledge distribution because the productivity levels of others determine their own chances of improving their productivities through search. The time allocations of everyone in the economy in turn determine the evolution of its knowledge distribution. We construct the balanced growth path for this economy, thereby obtaining a theory of endogenous growth that captures in a tractable way the social nature of knowledge creation. We also study the allocation chosen by an idealized planner who takes into account and internalizes the external benefits of search, and tax structures that implement an optimal solution. Finally, we provide two examples of alternative learning technologies, as concrete illustrations of other directions that might be pursued. |
| 主题 | Development and Growth ; Development |
| URL | https://www.nber.org/papers/w17495 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575170 |
| 推荐引用方式 GB/T 7714 | Robert E. Lucas, Jr.,Benjamin Moll. Knowledge Growth and the Allocation of Time. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17495.pdf（352KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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