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Knowledge exhaustibility and Schumpeterian growth

机译:知识枯竭与熊彼特式增长

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This paper accommodates the new understanding of the limited exhaustibility of knowledge into the Schumpeterian frame of the creative response to articulate a comprehensive model of Schumpeterian growth. The limited exhaustibility of knowledge and its transient appropriability favor the accumulation of a stock of quasi-public knowledge. The increasing stock of quasi-public knowledge together with appropriate knowledge governance conditions account for the secular decline of knowledge costs and the increase of diachronic and pecuniary knowledge externalities. Because of its limited exhaustibility and the consequent accumulability, knowledge is an endogenous endowment that accounts for growth. Unexpected out-of-equilibrium conditions in product and factor markets stir the response of firms. The availability of knowledge externalities accounts for the rate of innovation as they help making the reaction creative so as to enable the introduction of innovations. The search for technological congruence and the secular decline of the cost of technological knowledge accounts for its knowledge intensive direction as it induces the introduction of biased technological changes that augment the output elasticity of knowledge as an input. The limited exhaustibility of knowledge accounts for the secular trend towards the knowledge economy.
机译:本文将对知识的有限穷竭性的新理解纳入到熊彼特式创造性反应框架中,以阐明熊彼特式增长的综合模型。知识的穷竭性及其短暂的可利用性有利于积累一批准公共知识。准公共知识的存量增加,加上适当的知识治理条件,导致了知识成本的长期下降以及历时性和金钱性知识外部性的增加。由于其有限的可耗尽性和随之而来的可累积性,知识是内生的that赋,可以解释增长。产品和要素市场中出乎意料的失衡状况激起了企业的反应。知识外部性的可用性解释了创新的速度,因为它们有助于使反应具有创造力,从而能够引入创新。对技术一致性的追求和技术知识成本的长期下降是其知识密集型方向的原因,因为它会引入有偏见的技术变革,从而增加知识输出的弹性作为输入。知识的穷竭性导致了知识经济的长期趋势。

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