Non-Scale Growth in an Open Economy

Theo Eicher and Stephen J Turnovsky

Working Papers from University of Washington, Department of Economics

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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