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On scale effects: further evidence

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  • Chris Papageorgiou

Abstract

One of the main issues associated with recent R&D-based growth models is their prediction concerning 'scale effects'. That is, these models ask the question as to whether economic growth is a function of the level or the growth rate of human capital at steady state. This note presents some cross-country and historical time series evidence that supports scale effects in the early stages of development and non scale effects in the long-run.

Suggested Citation

  • Chris Papageorgiou, 2002. "On scale effects: further evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 9(4), pages 245-249.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:4:p:245-249
    DOI: 10.1080/13504850110060367
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    1. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-351, March.
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    6. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
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    Cited by:

    1. Nevin Cavusoglu & Edinaldo Tebaldi, 2006. "Evaluating growth theories and their empirical support: An assessment of the convergence hypothesis," Journal of Economic Methodology, Taylor & Francis Journals, vol. 13(1), pages 49-75.

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