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A theory of global economic growth in the very long-run: is a grand innovation slowdown inevitable? Cover

A theory of global economic growth in the very long-run: is a grand innovation slowdown inevitable?

Open Access
|Jun 2020

Figures & Tables

Fig. 1

The Distribution of the total working population N and R with respect to inventive ability v.

Fig. 2

The target and actual innovation rates over time in the TFA. The dates and magnitudes are chosen for illustrative purposes.

The values of λ as implied by (25), given αTR*\alpha _{TR}^* , n1, and R/N, and assuming that a =0_ 2 and n = 0_7 per cent

αTR*(%)\alpha _{TR}^*\,(\%)n1 (%)λ
R/N = 0.01R/N = 0.02R/N = 0.03R/N = 0.04R/N = 0.05
141.021.041.061.091.13
61.021.041.071.111.15
81.021.041.071.121.19
241.011.031.051.061.08
61.011.031.051.071.08
81.011.031.051.071.10
341.011.021.041.051.07
61.011.021.041.061.08
81.011.021.041.061.09
DOI: https://doi.org/10.2478/ceej-2019-0009 | Journal eISSN: 2543-6821 | Journal ISSN: 2544-9001
Language: English
Page range: 175 - 188
Published on: Jun 6, 2020
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2020 Stanislaw Gomulka, published by Faculty of Economic Sciences, University of Warsaw
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.