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Is The Introduction Of New Goods And Services.

Journal of Political Economy

periodical commodity

Learning by Doing and the Introduction of New Appurtenances

Periodical of Political Economy

Published By: The Academy of Chicago Press

Journal of Political Economy

https://www. jstor .org/stable/1830470

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Abstract

A dynamic general equilibrium model is adult in which goods are valued according to the characteristics they incorporate, the fix of appurtenances produced in whatever period is endogenously determined, and learning by doing is the force backside sustained growth. It is shown that the set of produced goods changes in a systematic way over time, with appurtenances of higher quality entering each flow and those of lower quality dropping out. The model is then used to study the effect of introducing a "traditional" sector in which there is no learning.

Journal Data

Electric current problems are now on the Chicago Journals website. Read the latest issue.One of the oldest and most prestigious journals in economic science, the Journal of Political Economy (JPE) presents significant and essential scholarship in economic theory and practice. The journal publishes highly selective and widely cited analytical, interpretive, and empirical studies in a number of areas, including budgetary theory, financial policy, labor economics, development, microeconomic and macroeconomic theory, international trade and finance, industrial system, and social economics.

Publisher Information

Since its origins in 1890 as ane of the three chief divisions of the Academy of Chicago, The University of Chicago Press has embraced as its mission the obligation to disseminate scholarship of the highest standard and to publish serious works that promote education, foster public understanding, and enrich cultural life. Today, the Journals Sectionalization publishes more than 70 journals and hardcover serials, in a wide range of academic disciplines, including the social sciences, the humanities, education, the biological and medical sciences, and the concrete sciences.

Source: https://www.jstor.org/stable/1830470

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