Rethinking the concept of long-run economic growth

Arbeitspapier

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”.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 1701

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Economic Growth and Aggregate Productivity: General ; One, Two, and Multisector Growth Models
• Subject: Wirtschaftswachstum ; Wachstumstheorie ; Harrod-Domar-Wachstumstheorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Groth, Christian ; Koch, Karl-Josef ; Steger, Thomas M.
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/25746
• Last update: 10.03.2025, 11:45 AM CET