Non-scale models of economic growth

• 成果类型: Article
• 署名作者: Eicher, TS; Turnovsky, SJ
• 署名单位: University of Washington; University of Washington Seattle
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/1468-0297.00454
• 发表日期: 1999
• 页码: 394-415
• 关键词: endogenous growth; transitional dynamics; public-expenditure; increasing returns; 2-SECTOR MODELS

摘要

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.