On endogenous growth and Increasing Returns: Modelling learning-by-doing and the division of Labor

摘要

This paper discusses those sources of endogenous growth arising from labor as labor. It uses a production function which models the returns to scale as a function of the division of labor and learning. Smithian analysis of the labor process constitutes the basis upon which we build our own approach. The dynamics, therefore, drawn upon are more classical in style than those suggested by Arrow`s (1962) article.