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Scale effects in Schumpeterian models of economic growth

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  • Elias Dinopoulos

    (Department of Economics, University of Florida, Gainesville, FL 32611, USA)

  • Peter Thompson

    (Department of Economics, University of Houston, Houston, TX 77204-5882, USA)

Abstract

Early models of Schumpeterian growth incorporate scale effects predicting that large economies grow faster than small economies, and that population growth causes accelerating per capita income growth. An absence of clear empirical evidence for these scale effects has led some researchers to question the foundations underlying the Schumpeterian approach to growth. This paper reviews empirical evidence on the relationship between scale and growth, and recent attempts to construct Schumpeterian growth models without scale effects.

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Bibliographic Info

Article provided by Springer in its journal Journal of Evolutionary Economics.

Volume (Year): 9 (1999)
Issue (Month): 2 ()
Pages: 157-185

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Handle: RePEc:spr:joevec:v:9:y:1999:i:2:p:157-185

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Web page: http://link.springer.de/link/service/journals/00191/index.htm

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Related research

Keywords: Economic growth ; R&D ; Scale effects;

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