Toward a General Model of Economic Growth
AbstractThe class of growth models that incorporate nonrivalry and/or externalities implies that the size (scale) of an economy influences its growth rate. Ample empirical evidence exists to suggest that such implied scale effects are counter-factual. The objective of this paper is to develop a general growth model to examine the conditions under which balanced growth is void of scale effects.
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Bibliographic InfoPaper provided by University of Washington, Department of Economics in its series Working Papers with number 97-01.
Length: 29 pages
Date of creation: 1997
Date of revision:
ECONOMIC GROWTH ; ECONOMIC MODELS;
Other versions of this item:
- Eicher, R-S & Turnovsky, S-J, 1997. "Toward a General Model of Economic Growth," Discussion Papers in Economics at the University of Washington 97-01, Department of Economics at the University of Washington.
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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