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On the Effectiveness of Growth-Enhancing Policies in a Model of Growth Without Scale Effects

Arnold, Lutz G. (2002) On the Effectiveness of Growth-Enhancing Policies in a Model of Growth Without Scale Effects. German Economic Review 3 (3), pp. 339-346.

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Abstract

Standard R&D growth models have two disturbing properties: the presence of scale effects (i.e., the prediction that larger economies grow faster) and the implication that there is a multitude of growth-enhancing policies. Recent models of growth without scale effects, such as Segerstrom's (1998), not only remove the counterfactual scale effect, but also imply that the growth rate does not react ...

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Item Type:Article
Date:2002
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Theoretische Volkswirtschaft (Prof. Dr. Lutz Arnold)
Identification Number:
ValueType
10.1111/1468-0475.00063DOI
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Owner: Universitätsbibliothek Regensburg
Deposited On:28 Jun 2010 06:32
Last Modified:28 Jun 2010 06:32
Item ID:15558
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