Increasing Returns and Long-Run Growth.¶
Romer, P. M. (1986). Increasing Returns and Long-Run Growth. Journal of Political Economy, 94(5), 1002-1037.
Cited by¶
4 citations across 3 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Diminishing Returns (Law of)
- Romer (1986)
This sourceFound endogenous-growth theory by treating knowledge as a non-rival input with increasing marginal productivity, so growth can persist despite diminishing returns to physical capital — supports the prime's knowledge-spillover / increasing-returns counterpoint. Basis for Romer's 2018 Nobel Memorial Prize.
- Romer (1986)
- Economies of Scale
This source(Tier C — bibliography only; existence verified.) Endogenous-growth model with increasing returns to knowledge accumulation. Link-only.
- … microeconomic theory, scale economies underpin the distinction between constant, increasing, and decreasing returns to scale production functions, and they are central to Paul Krugman's Nobel-prize-winning new trade theory (Krugman 1979, 1980, 1991) and to the endogenous growth theory of Romer (1986, 1990)
This source2, S71–S102. Founds endogenous-growth theory by treating knowledge as a non-rival input subject to economy-wide increasing returns; supports the inline claim that Romer's endogenous-growth theory puts knowledge-driven increasing returns at the heart of long-run growth.
- Increasing Returns
This sourceEndogenous-growth model in which increasing returns to knowledge accumulation drive long-run growth, formalizing the macro-scale instantiation of the rising-marginal payoff regime and embedding it in modern growth theory.
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