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Internal Increasing Returns to Scale and Economic Growth

List, John A. - 2007

This study develops a model of endogenous growth based on increasing returns due to firms' technology choices. Particular attention is paid to the implications of these choices, combined with the substitution of capital for labor, on economic growth in a general equilibrium model in which the...

Persistent link: https://www.econbiz.de/10012465656

The World Income Distribution

Acemoglu, Daron - 2001

We show that even in the absence of diminishing returns in production and techno-logical spillovers, international trade leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns: countries that accumulate capital faster than...

Persistent link: https://www.econbiz.de/10012470646

Population and Ideas : A Theory of Endogenous Growth

Jones, Charles I. - 1997

Why do economies exhibit sustained growth in per capita income? This paper argues that endogenous fertility and increasing returns to scale are the fundamental ingredients in understanding endogenous growth. Endogenous fertility leads the scale of the economy to grow over time. Increasing...

Persistent link: https://www.econbiz.de/10012472528

Growth Without Scale Effects

Young, Alwyn - 1995

An increase in the size (scale) of an economy increases the total quantity of rents that can be captured by successful innovators which, in equilibrium, should lead to a rise in innovative activity. Conventional wisdom and the theoretical predictions of models of endogenous innovation suggest...

Persistent link: https://www.econbiz.de/10012473666

Economic Integration and Endogenous Growth

Rivera-Batiz, Luis A. - 1990

In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models...

Persistent link: https://www.econbiz.de/10012475469

Evidence on Growth, Increasing Returns and the Extent of the Market

Ades, Alberto F. - 1994

We examine two sets of economies, (19th century U.S. states and 20th century less developed countries) where growth rates are positively correlated with initial levels of development to document how these dynamic increasing returns operate. We find that open economies do not display a positive...

Persistent link: https://www.econbiz.de/10012474214

Increasing Returns and New Developments in the Theory of Growth

Romer, Paul M. - 1989

From the beginning, growth theory has been faced with technically challenging questions about increasing returns and … the way to capture ideas in a model of market exchange. Initially, reliance on perfect competition forced growth theory to … competition have allowed growth theory to address broader questions like: Why have growth rates tended to increase over time? Why …

Persistent link: https://www.econbiz.de/10012475947

The Darwinian Returns to Scale

Baqaee, David - 2020

How does an increase in the size of the market due to fertility, immigration, or trade integration, affect welfare and real GDP? We study this question using a model with heterogeneous firms, fixed costs, and monopolistic competition. We decompose the change in welfare into changes in technical...

Persistent link: https://www.econbiz.de/10012481722

The Good, the Bad and the Average : Evidence on the Scale and Nature of Ability Peer Effects in Schools

Lavy, Victor - 2009

In this paper, we study ability peer effects in secondary schools in England and identify which segments of the peer ability distribution drive the impact of peer quality on students‟ achievements. To do so, we use census data for four cohorts of pupils taking their age-14 national tests, and...

Persistent link: https://www.econbiz.de/10012463049

Task Trade between Similar Countries

Grossman, Gene M. - 2008

We propose a theory of task trade between countries that have similar relative factor endowments but may differ in size …

Persistent link: https://www.econbiz.de/10012464094

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