@techreport{Hakenes2005long,
abstract = {This paper revisits the debate about the appropriate differential equation that governs the
evolution of knowledge in models of endogenous growth. We argue that the assessment of the
appropriateness of an equation of motion should not only be based on its implications for the
future, but that it should also include its implications for the past. We maintain that the
evolution of knowledge is plausible if it satisfies two asymptotic conditions: Looking
forwards, infinite knowledge in finite time should be excluded, and looking backwards,
knowledge should vanish towards the beginning of time (but not before). Our key results
show that, generically, the behavior of the processes under scrutiny is either plausible in the
future and implausible in the past or vice versa, or implausible at both ends of the time line.},
author = {Hendrik Hakenes and Andreas Irmen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O11; O40; O31; 330; endogenous technological change; Malthus; long-run growth; Endogener technischer Fortschritt; Neue Wachstumstheorie; Bev\"{o}lkerungs\"{o}konomie; Wissen; Analysis; Theorie},
language = {eng},
number = {1483},
title = {On the long-run evolution of technological knowledge},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18947},
year = {2005}
}
