Non-Scale Growth in an Open Economy

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: An important implication of "new growth" models is taht they exhibit "scale effects", meaning that variations in the levels of key variables such as the investment rate, research effort, and policy variables (tax rates) exert permanent influences on national growth rates.

Keywords: ECONOMIC; GROWTH (search for similar items in EconPapers)
JEL-codes: F41 O4 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1997
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Working Paper: Non-Scale Growth in an Open Economy (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:washer:97-04

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