A note on endogenous growth and scale effects

Phillip Garner ()

Economics Letters, 2010, vol. 106, issue 2, 98-100

Abstract: This paper reconciles the recent vs. very long-run evidence on scale effects in endogenous growth models by extending Howitt's (1999) model to include a subsistence constraint in consumption. Scale effects will be present only when this constraint is binding.

Keywords: Endogenous; growth; Scale; effects; Subsistence; constraint (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:2:p:98-100

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