Schumpeterian growth without scale effects

被引：23
|
作者：
Dinopoulos E. [1 ]
Thompson P. [2 ]
机构：
[1] Department of Economics, University of Florida
[2] Department of Economics, University of Houston
来源：
Journal of Economic Growth | 1998年 / 3卷 / 4期
关键词：
Endogenous growth; Product differentiation; Scale effects;
D O I：
10.1023/A:1009711822294
中图分类号：
学科分类号：
摘要：
We incorporate population growth into the model of trustified capitalism, with vertical and horizontal product differentiation, developed by Thompson and Waldo (1994) and generate endogenous long-run Schumpeterian growth without scale effects. Our model extends the analysis of Young (1998) and overturns some key policy and welfare implications of his model. The transitional dynamics of the model can account for the presence of scale effects in preindustrial and early industrial eras. © 1998 Kluwer Academic Publishers.
引用
收藏
页码：313 / 335
页数：22
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