Toward a General Model of Economic Growth

Theo Eicher and Stephen J Turnovsky

Discussion Papers in Economics at the University of Washington from Department of Economics at the University of Washington

Abstract: The class of growth models that incorporate nonrivalry and/or externalities implies that the size (scale) of an economy influences its growth rate. Ample empirical evidence exists to suggest that such implied scale effects are counter-factual. The objective of this paper is to develop a general growth model to examine the conditions under which balanced growth is void of scale effects.

Keywords: ECONOMIC GROWTH; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: O41 (search for similar items in EconPapers)
Pages: 29 pages
Date: 1997
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Working Paper: Toward a General Model of Economic Growth (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:washer:97-01

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