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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Volkswirtschaftliche Diskussionsbeiträge ; No. 129-09
- Klassifikation
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Economic Growth and Aggregate Productivity: General
One, Two, and Multisector Growth Models
- Thema
-
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
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Groth, Christian
Koch, Karl-Josef
Steger, Thomas M.
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
- (wo)
-
Siegen
- (wann)
-
2009
- Handle
- URN
-
urn:nbn:de:101:1-201101244233
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Groth, Christian
- Koch, Karl-Josef
- Steger, Thomas M.
- Universität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht
Entstanden
- 2009
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