Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18947
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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 theevolution of knowledge in models of endogenous growth. We argue that the assessment of theappropriateness of an equation of motion should not only be based on its implications for thefuture, but that it should also include its implications for the past. We maintain that theevolution of knowledge is plausible if it satisfies two asymptotic conditions: Lookingforwards, infinite knowledge in finite time should be excluded, and looking backwards,knowledge should vanish towards the beginning of time (but not before). Our key resultsshow that, generically, the behavior of the processes under scrutiny is either plausible in thefuture and implausible in the past or vice versa, or implausible at both ends of the time line.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1483en_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-

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