Rethinking the Concept of Long-Run Economic Growth

Christian Groth (), Karl-Josef Koch () and Thomas Steger

No 1701, CESifo Working Paper Series from CESifo

Abstract: This paper argues that growth theory needs a more general “regularity” concept than that of exponential growth. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of “regular growth”.

Keywords: exponential growth; arithmetic growth; regular growth; semi-endogenous growth; knife-edge restrictions (search for similar items in EconPapers)
JEL-codes: O31 O40 O41 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-dev and nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Working Paper: Rethinking the Concept of Long-Run Economic Growth (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1701

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