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Non-Scale Growth in an Open Economy

Author

Listed:
  • Eicher, T-S
  • Turnovsky, S-J

Abstract

An important implication of "new growth" models is taht they exhibit "scale effects", meaning that variations in the levels of key variables such as the investment rate, research effort, and policy variables (tax rates) exert permanent influences on national growth rates.

Suggested Citation

  • Eicher, T-S & Turnovsky, S-J, 1997. "Non-Scale Growth in an Open Economy," Working Papers 97-04, University of Washington, Department of Economics.
  • Handle: RePEc:udb:wpaper:97-04
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    Keywords

    ECONOMIC GROWTH;

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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