Symbol g_A
is part of the quantity the equation computes from the expression on the right.
Read this term in its guide →Published equation contexts
Why this formula appears here
The named argument belongs to Philippe Aghion, Benjamin F. Jones, and Charles I. Jones, whose 2017 National Bureau of Economic Research paper works out formally what happens when artificial intelligence automates tasks inside the idea-production function itself, rather than only inside the production of ordinary goods. Their result, worked through with an idea-production function in which a fraction of research tasks can be automated, is that in the case without automation their model collapses to exactly the semi-endogenous relation from Section 3 above — the growth rate of ideas proportional to the growth rate of the human research population, discounted by diminishing returns — matching…
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Symbol g_C
occurs above the fraction bar. The numerator is divided by the entire denominator below it.
Read this term in its guide →Symbol phi
phi occurs below the fraction bar. The quantity above the bar is divided by this expression; zero is excluded as a denominator.
Read this term in its guide →Denominator: 1-phi
The complete quantity below the fraction bar; it must be nonzero for this division.
Read this term in its guide →How to interpret it
With a fixed numerator, increasing a nonzero denominator reduces the fraction. Read it with the definitions, units, and assumptions supplied by the article.
Research cited beside this formula
Published contexts (1)
A symbol can carry a different meaning in another article. Each occurrence keeps its own guide and term definitions.
Equation 11 · Technological Evolution
Who Builds 2100? The Demographic Engine of Technological Evolution
This equation states an equality: the expressions on both sides have the same value under the article’s assumptions.
The named argument belongs to Philippe Aghion, Benjamin F. Jones, and Charles I. Jones, whose 2017 National Bureau of Economic Research paper works out formally what happens when artificial intelligence automates tasks inside the idea-production function itself, rather than only inside the production of ordinary goods. Their result, worked through with an idea-production function in which a fraction of research tasks can be automated, is that in the case without automation their model collapses to exactly the semi-endogenous relation from Section 3 above — the growth rate of ideas proportional to the growth rate of the human research population, discounted by diminishing returns — matching…