Non-Scale Growth in an Open Economy.

An important implication of "new growth" models is taht they exhibit "scale effects", meaning that variations in the levels of key variables such as the investment rate, research effort, and policy variables (tax rates) exert permanent influences on national growth rates.

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Year of publication:	1997
Authors:	Eicher, T-S ; Turnovsky, S-J
Institutions:	Department of Economics, University of Washington
Subject:	ECONOMIC GROWTH

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Series:	Discussion Papers in Economics at the University of Washington.
Type of publication:	Book / Working Paper
Notes:	26 pages
Classification:	O4 - Economic Growth and Aggregate Productivity ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618512