We develop a dynamic general equilibrium model of education, quality and variety innovation, and scale-invariant growth. The early endogenous innovation-based growth models incorporate a scale effect predicting that larger economies are characterized by higher per capita growth rates. Recent...

The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous humancapital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth...

Die Ergebnisse der kürzlich veröffentlichten PISA-Studie (OECD 2001) über den Bildungsstand der jüngeren Generation haben nicht nur zu einem Nachdenken über die Ursachen der für Deutschland sehr enttäuschenden Ergebnisse geführt, sondern auch die Diskussion über die Bedeutung von...

We develop a dynamic general equilibrium model of education, quality and variety innovation, and scale-invariant growth. The early endogenous innovation-based growth models incorporate a scale e?ect predicting that larger economies are characterized by higher per capita growth rates. Recent...

Endogenous innovation-based models of economic growth incorporate a scale effect predicting that larger economies grow faster and that population growth causes higher productivity growth. Recent models of semi-endogenous growth remove this scale effect but instead imply that productivity growth...