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Charles I. Jones
NBER Working Paper No. 10767
Issued in September 2004
NBER Program(s): EFG
---- Abstract -----
Ideas are different from nearly all other economic goods in that they are nonrivalrous. This nonrivalry implies that production possibilities are likely to be characterized by increasing returns to scale, an insight that has profound implications for economic growth. The purpose of this chapter is to explore these implications.
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