Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171508
Authors: 
Schneider, Maik T.
Year of Publication: 
2007
Series/Report no.: 
Economics Working Paper Series 07/65
Abstract: 
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate costly knowledge codification in an overlapping generations framework of endogenous growth and show that the steady-state growth rate of capital being higher than that of the knowledge stock is a sufficient condition for knowledge codification. With decreasing codification costs, every overlapping generations economy will be codifying in the long run if the rate at which the costs decline is higher than or equal to the steady-state growth rate of knowledge.
Subjects: 
Knowledge
Human Capital
Knowledge Codification
Economic Growth
JEL: 
O11
O30
O41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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