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Toward a General Model of Economic Growth

Author

Listed:
  • Eicher, R-S
  • Turnovsky, S-J

Abstract

The class of growth models that incorporate nonrivalry and/or externalities implies that the size (scale) of an economy influences its growth rate. Ample empirical evidence exists to suggest that such implied scale effects are counter-factual. The objective of this paper is to develop a general growth model to examine the conditions under which balanced growth is void of scale effects.

Suggested Citation

  • Eicher, R-S & Turnovsky, S-J, 1997. "Toward a General Model of Economic Growth," Working Papers 97-01, University of Washington, Department of Economics.
    • Handle: RePEc:udb:wpaper:97-01
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    Keywords

    ECONOMIC GROWTH ; ECONOMIC MODELS;

    JEL classification:

    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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