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On scale effects: further evidence

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  • Chris Papageorgiou

Abstract

One of the main issues associated with recent R&D-based growth models is their prediction concerning 'scale effects'. That is, these models ask the question as to whether economic growth is a function of the level or the growth rate of human capital at steady state. This note presents some cross-country and historical time series evidence that supports scale effects in the early stages of development and non scale effects in the long-run.

Suggested Citation

  • Chris Papageorgiou, 2002. "On scale effects: further evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 9(4), pages 245-249.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:4:p:245-249
    DOI: 10.1080/13504850110060367
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    1. Barro, Robert J. & Lee, Jong-Wha, 1993. "International comparisons of educational attainment," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 363-394, December.
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    7. Robert Summers & Alan Heston, 1991. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950–1988," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 327-368.
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    Cited by:

    1. Nevin Cavusoglu & Edinaldo Tebaldi, 2006. "Evaluating growth theories and their empirical support: An assessment of the convergence hypothesis," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(1), pages 49-75.

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