Scale effects in Schumpeterian models of economic growth

Elias Dinopoulos and Peter Thompson ()
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Elias Dinopoulos: Department of Economics, University of Florida, Gainesville, FL 32611, USA

Journal of Evolutionary Economics, 1999, vol. 9, issue 2, 157-185

Abstract: Early models of Schumpeterian growth incorporate scale effects predicting that large economies grow faster than small economies, and that population growth causes accelerating per capita income growth. An absence of clear empirical evidence for these scale effects has led some researchers to question the foundations underlying the Schumpeterian approach to growth. This paper reviews empirical evidence on the relationship between scale and growth, and recent attempts to construct Schumpeterian growth models without scale effects.

Keywords: Economic growth; R&D; Scale effects (search for similar items in EconPapers)
JEL-codes: O2 O3 (search for similar items in EconPapers)
Date: 1999-05-03
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Citations: View citations in EconPapers (118)

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