Growth and ideas in a perfectly competitive world: A complement

In this short article, I build an idea-based growth model with perfect competition in a representative household economy. obtain significant findings that confirm Boitier (2019). First, competitive equilibrium, increasing returns to scale, and innovations can be tenable. For that, firms must raise capital from shareholders, the production function show decreasing scale stock of ideas labor. Second, developed admits balanced path similar one provided monopolistic competition. Whether are or thrive under does not constitute engine-driving long-run growth. Importantly, reconciles Romer (1990, 2015) Boldrin Levine (2008).