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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.
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 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
Published by: Faculty of Economic Sciences, University of Warsaw
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.