Growth and Level of Aggregates

本文对经济增长和经济增长的研究分为三个部分， 经济总量水平。 第一部分着重论述了不利 选择和总体就业。 秘书处的初步工作 研究人员表示，市场参与将是 在一个经济体中， 低质量和高质量的工人。 该项目开发一个 市场参与的一般理论基于两种不同的 理论研究的线索：不完全协调交易 生产上的战略互补。 这个理论是 扩展到允许人们随着时间的推移改善他们的工作， 允许公司等组织发挥协调作用， 并反映市场内不同部门的位置。 的 这种低效率的重要性将被量化和衡量 凭经验 第二部分发展了一个成长理论，其中学习是 增长的引擎。 信息论是用来推导 学习、技术和 经济增长 第三部分探讨了一个社会 具有良好天赋的一般技能将更容易利用 通过更快地学习新技术。 熟练工人将 专注于新技术，结果符合 旧产品周期文献中的论点。

There are three parts to this study of economic growth and the level of economic aggregates. The first part focuses on adverse selection and aggregate employment. Preliminary work by the investigator suggests that market participation will be inefficient in an economy in which it is costly to distinguish between low and high quality workers. The project develops a general theory of market participation based on two different strands of theoretical research: imperfectly coordinated trading and strategic complementarities in production. The theory is extended to allow people to improve their jobs over time, to permit organizations such as firms to play a coordinating role, and to reflect different sectoral locations within markets. The importance of this inefficiency will be quantified and measured empirically. The second part develops a growth theory in which learning is the engine of growth. Information theory is used to derive the properties of the relationship between learning, technology and economic growth. The third part explores the idea that a society well-endowed with general skills will more easily take advantage of new technologies by learning them faster. Skilled labor will concentrate on new technologies, a result consistent with arguments in the old-product cycle literature.