Non-Scale Models Of Economic Growth  

Oleh:

Eicher, Theo S. ; Turnovsky, Stephen J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 109 no. 457 (Jul. 1999), page 394-415.
Fulltext: 394.pdf (239.75KB)

Isi artikel

Growth models that incorporate non-rivalry and/or externalities imply that the size of an economy may influence its long-run growth rate. Such implied scale effects run counter to empirical evidence. This paper develops a general growth model to examine conditions under which balanced growth is void of scale effects. The model is general enough to replicate well known exogenous, as well as endogenous, (non-) scale models. We derive a series of propositions that show that these conditions for non-scale balanced growth can be grouped into three categories that pertain to (i) functional forms, (ii) the production structure, and (iii) returns to scale.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali