English, Article, Journal or magazine article edition: Economic Development as Problem Solving Yaw Nyarko

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Bookmark: http://trove.nla.gov.au/version/30099
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Economic Development as Problem Solving
Author
  • Yaw Nyarko
Physical Description
  • preprint
Notes
  • There has been a vast recent literature which has emphasized the role of human capital and knowledge on the economic growth process. This paper presents a model where the knowledge occurs through solving "problems." These problems which are partially idiosyncratic to the country. We think of a problem as a new technique or good. Each nation must master the problems associated with an activity in order to acheive productivity increases and growth. We will follow the tradition of learning by doing models where learning occurs after production on a good, or a particular type or grade of a good. Growth occurs by solving or learning about successively harder problems.
  • Development
  • RePEc:red:sed006:893
Language
  • English
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