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Title:Rethinking the concept of long-run economic growth PDF Logo
Authors:Groth, Christian
Koch, Karl-Josef
Steger, Thomas M.
Issue Date:2006
Series/Report no.:CESifo working paper 1701
Abstract: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 as our illustration of the usefulness of a general concept of “regular growth”.
JEL:O31
O40
O41
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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