Rethinking the Concept of Long-Run Economic Growth

Publikation: Working paperForskning

This paper argues that growth theory needs a more general "regularity" concept than that of exponential growth. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of "regular growth"
OriginalsprogEngelsk
UdgivelsesstedMunich
UdgiverCESifo
Antal sider11
StatusUdgivet - 2006

Bibliografisk note

JEL Classification: O31, O40, O41

ID: 327260