Search Results - subject:"arithmetic growth"

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2009

This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set...

Persistent link: https://www.econbiz.de/10010265856

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2009

This paper argues that growth theory needs a more general notion of 'regularity' than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set of...

Persistent link: https://www.econbiz.de/10010271478

When Economic Growth is Less than Exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - 2009

This paper argues that growth theory needs a more general notion of "regularity" than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set of...

Persistent link: https://www.econbiz.de/10010320972

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - Fakultät Wirtschaftswissenschaften, … - 2009

Persistent link: https://www.econbiz.de/10004985595

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - Volkswirtschaft Abteilung, Fachbereich … - 2009

Persistent link: https://www.econbiz.de/10005004425

Rethinking the Concept of Long-Run Economic Growth

Groth, Christian; Koch, Karl-Josef; Steger, Thomas - CESifo - 2006

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...

Persistent link: https://www.econbiz.de/10005094481

Rethinking the Concept of Long-Run Economic Growth

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - Økonomisk Institut, Københavns Universitet - 2006

This paper argues that growth theory needs a more general “regularity” concept than that of exponential growth. This opens up for considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as our...

Persistent link: https://www.econbiz.de/10005749580

When economic growth is less than exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas - In: Economic Theory 44 (2010) 2, pp. 213-242

Persistent link: https://www.econbiz.de/10008455950

When Economic Growth is Less than Exponential

Groth, Christian; Koch, Karl-Josef; Steger, Thomas M. - Economic Policy Research Unit (EPRU), Økonomisk Institut

growth”. It is shown that this regularity concept nests, inter alia, exponential growth, arithmetic growth, and stagnation as … arithmetic growth. Indeed, a Ramsey growth model with AK technology and CARA preferences fea- tures arithmetic GDP per capita …-renewable resources (but without population growth, technical change, and capital depre- ciation) features arithmetic growth of capital …

Persistent link: https://www.econbiz.de/10005012863