Scale-Invariant Endogenous Growth.

Arbeitspapier

In this paper we develop a theory of scale-invariant endogenous growth. By this we mean a theory capable of generating a balanced growth path where both the growth rate and the level of GDP per capita are independent of the size of population, where population growth is neither necessary nor conductive for economic growth, and where economic incentives and policy matter for growth. Such a theory arises naturally when endogenous skill formation is added to a basic R&D driven growth model featuring diminishing returns to existing knowledge in creating new ideas.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EPRU Working Paper Series ; No. 2000-07

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Dalgaard, Carl-Johan ; Hansen, Claus Thustrup
• Event: Veröffentlichung
• (who): University of Copenhagen, Economic Policy Research Unit (EPRU)
• (where): Copenhagen
• (when): 2000

Further information

• Handle: http://hdl.handle.net/10419/81960
• Last update: 10.03.2025, 11:43 AM CET