A note on endogenous growth and scale effects
This paper reconciles the recent vs. very long-run evidence on scale effects in endogenous growth models by extending Howitt's (1999) model to include a subsistence constraint in consumption. Scale effects will be present only when this constraint is binding.
Year of publication: |
2010
|
---|---|
Authors: | Garner, Phillip |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 106.2010, 2, p. 98-100
|
Publisher: |
Elsevier |
Keywords: | Endogenous growth Scale effects Subsistence constraint |
Saved in:
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