EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/18947
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorHakenes, Hendriken_US
dc.contributor.authorIrmen, Andreasen_US
dc.date.accessioned2009-01-28T15:54:00Z-
dc.date.available2009-01-28T15:54:00Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18947-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1483en_US
dc.subject.jelO11en_US
dc.subject.jelO40en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordendogenous technological changeen_US
dc.subject.keywordMalthusen_US
dc.subject.keywordlong-run growthen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwBevölkerungsökonomieen_US
dc.subject.stwWissenen_US
dc.subject.stwAnalysisen_US
dc.subject.stwTheorieen_US
dc.titleOn the long-run evolution of technological knowledgeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500454639en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
cesifo1_wp1483.pdf188.74 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.