Arbeitspapier
When economic growth is less than exponential
This paper argues that growth theory needs a more general notion of 'regularity' than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set of parameter combinations than in standard growth models. And it avoids the usual oversimplistic dichotomy of either exponential growth or stagnation. Allowing zero population growth in three different growth models (the Jones R&D-based model, a learning-by-doing model, and an embodied technical change model) serves as illustrations that a continuum of 'regular' growth processes fill the whole range between exponential growth and complete stagnation.
- Language
-
Englisch
- Bibliographic citation
-
Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 129-09
- Classification
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Economic Growth and Aggregate Productivity: General
One, Two, and Multisector Growth Models
- Subject
-
quasi-arithmetic growth
regular growth
semi-endogenous growth
knife-edge restrictions
learning by doing
embodied technical change
Neue Wachstumstheorie
Harrod-Domar-Wachstumstheorie
Technischer Fortschritt
Mehr-Sektoren-Modell
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Groth, Christian
Koch, Karl-Josef
Steger, Thomas M.
- Event
-
Veröffentlichung
- (who)
-
Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
- (where)
-
Siegen
- (when)
-
2009
- Handle
- URN
-
urn:nbn:de:101:1-201101244233
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Groth, Christian
- Koch, Karl-Josef
- Steger, Thomas M.
- Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
Time of origin
- 2009
Other Objects (12)
When economic growth is less than exponential
When economic growth is less than exponential
When economic growth is less than exponential
When Economic Growth is Less than Exponential
When are groups less moral than individuals?
When unstable, growth is less pro-poor
When semantics means less than morphology : the processing of German prefixed verbs
Exponential Growth Bias and Financial Literacy
Exponential growth bias and financial literacy
My BSD sucks less than yours
A note on balanced growth with a less than unitary elasticity of substitution
Exponential growth behavior of bilinear control system
When economic growth is less than exponential
When economic growth is less than exponential
When economic growth is less than exponential
When Economic Growth is Less than Exponential
When are groups less moral than individuals?
When unstable, growth is less pro-poor
When semantics means less than morphology : the processing of German prefixed verbs
Exponential Growth Bias and Financial Literacy
Exponential growth bias and financial literacy
My BSD sucks less than yours
A note on balanced growth with a less than unitary elasticity of substitution
Exponential growth behavior of bilinear control system
When economic growth is less than exponential
When economic growth is less than exponential
When economic growth is less than exponential
When Economic Growth is Less than Exponential
When are groups less moral than individuals?
When unstable, growth is less pro-poor
When semantics means less than morphology : the processing of German prefixed verbs
Exponential Growth Bias and Financial Literacy
Exponential growth bias and financial literacy
My BSD sucks less than yours
A note on balanced growth with a less than unitary elasticity of substitution