Endogenous Technological Change

# Endogenous Technological Change > OpenAlex Metadata Hub · https://openalex.org/W2162484441 ## Bibliographic - **DOI:** 10.1086/261725 - **Year:** 1990 - **Citations:** 16138 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.1086/261725 ## Authors - Paul Romer ## Abstract Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopolistic competition. The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth. ## Keywords Monopolistic competition, Economics, Excludability, Endogenous growth theory, Technological change, Microeconomics, Stock (firearms), Profit (economics), Investment (military), Population growth, Human capital, Population, Industrial organization, Public good, Monopoly, Market economy, Macroeconomics ## Concepts - Monopolistic competition - Economics - Excludability - Endogenous growth theory - Technological change - Microeconomics - Stock (firearms) - Profit (economics) - Investment (military) - Population growth - Human capital - Population - Industrial organization - Public good - Monopoly - Market economy - Macroeconomics - Political science - Mechanical engineering - Sociology - Politics - Demography - Engineering - Law --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Endogenous Technological Change” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopolistic competition. The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth. Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.