Ideas and productivity growth

One of the most important implications of the Solow model was that along a BGP, the growth rate of GDP per capita was determined only by the growth rate of productivity, $g_A$. But we did not explain what productivity was, or why it grew. This topic is about the economics behind productivity.

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Table of contents

• Non-rivalry
• Research effort
• Dynamics of productivity
• Productivity and population
• Incentives to innovate
• Competition and Growth
• Case studies