Laincz, Christopher A.; Peretto, Pietro F. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2004
In a set of influential papers, Charles Jones (1995a, 1995b, 1999) argued that R&D based endogenous growth models are inconsistent with the data. He showed, in a very striking manner, that the scale effects prediction of early endogenous growth models (e.g. Romer, 1986 and 1990, Grossman and...