On scale effects: further evidence
Chris Papageorgiou ()
Applied Economics Letters, 2002, vol. 9, issue 4, 245-249
Abstract:
One of the main issues associated with recent R&D-based growth models is their prediction concerning 'scale effects'. That is, these models ask the question as to whether economic growth is a function of the level or the growth rate of human capital at steady state. This note presents some cross-country and historical time series evidence that supports scale effects in the early stages of development and non scale effects in the long-run.
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:9:y:2002:i:4:p:245-249
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DOI: 10.1080/13504850110060367
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