配方与经济增长:沿指数尾部组合式前进

Recipes and Economic Growth: A Combinatorial March Down an Exponential Tail

Journal of Political Economy · 2023
被引 21
人大 A+FT50ABS 4*

中文导读

证明,从标准薄尾分布中组合式抽取新想法也能产生指数增长,无需帕累托分布假设,并给出一个连接最大值、抽取次数与分布上尾形状的定理。

Abstract

As Romer and Weitzman emphasized in the 1990s, new ideas are often combinations of existing ideas, an insight absent from recent models. In Kortum's research around the same time, ideas are draws from a probability distribution, and Pareto distributions play a crucial role. Why are combinations missing, and do we really need such strong distributional assumptions to get exponential growth? This paper demonstrates that combinatorially growing draws from standard thin-tailed distributions lead to exponential growth; Pareto is not required. More generally, it presents a theorem linking the max extreme value to the number of draws and the shape of the upper tail for probability distributions.

组合创新指数增长薄尾分布极值理论