TY  - JOUR
AU  - Jones,Charles I.
TI  - Population and Ideas: A Theory of Endogenous Growth
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6285
PY  - 1997
Y2  - November 1997
UR  - http://www.nber.org/papers/w6285
L1  - http://www.nber.org/papers/w6285.pdf
N1  - Author contact info:
Charles I. Jones
Graduate School of Business
Stanford University
655 Knight Way
Stanford, CA 94305-4800
Tel: 510/288-8650
Fax: 650/725-0468
E-Mail: chad.jones@stanford.edu
AB  - Why do economies exhibit sustained growth in per capita income?  This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth.  Endogenous fertility leads the scale of the economy to grow over time.  Increasing returns translates this increase in scale into rising per capita income. A justification for increasing returns rather than linearity in the equation for technological progress is the fundamental insight of the idea-based growth literature according to this view.  Endogenous fertility together with the increasing returns associated with the nonrivalry of ideas generates endogenous growth.
ER  -