The Economic Implications of Learning by Doing

  title={The Economic Implications of Learning by Doing},
  author={Kenneth J. Arrow},
  journal={The Review of Economic Studies},
  • K. Arrow
  • Published 1 June 1962
  • Economics
  • The Review of Economic Studies
It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio. Though doubtless no economist would ever have denied the role of technological change in economic growth, its overwhelming importance relative to capital formation has perhaps only been fully realized with the important empirical studies of Abramovitz [1] and Solow [l 1]. These results do not directly contradict the neo-classical view of the production function… 

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