A Simple Model of “Creativity” and the Transformation of Economic Growth Mode
Available Online July 2013.
- https://doi.org/10.2991/icssr-13.2013.62How to use a DOI?
- creativity; the mode of economic growth; increasing returns to scale
- From Adam•Smith to Samuelson, the economic theory is adapted to the industrial economy. While the era of knowledge economy comes, the traditional economic theory has no longer met the requirements of the knowledge economy. As in known to us, in the traditional economics, the classical function of production and the model of economic growth usually analyze the impact of factors like capital or labor on economic growth, through the way of increasing the inputs of capital or labor. However, the contributions of creativity, technology and culture to the economic growth have enhanced, through the way of increasing the productivity, which has made the traditional growth theory occur a crisis. This paper tries to discuss how “creativity” transforms the mode of economic growth via a growth model that contains “creativity”, on the basis of that “creativity” enables the function of production to exist an important feature of increasing returns to scale.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yi Chen PY - 2013/07 DA - 2013/07 TI - A Simple Model of “Creativity” and the Transformation of Economic Growth Mode BT - 2nd International Conference on Science and Social Research (ICSSR 2013) PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/icssr-13.2013.62 DO - https://doi.org/10.2991/icssr-13.2013.62 ID - Chen2013/07 ER -