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dc.contributor.authorGrossmann, Volkeren_US
dc.description.abstractR&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth (strong scale effect) or the level of per capita income (weak scale effect), with far-reaching policy implications. However, for modern times there is little empirical support for strong scale effects and evidence in favor of weak scale effects is mixed, at best. This paper develops a simple overlapping-generations framework with endogenous occupational choice of heterogeneous agents and entrepreneurial innovations in which any form of scale effect is absent. A higher population growth rate has a negligible, possibly negative effect on the long-run growth rate of per capita income. Long-run growth is sustained also in absence of population growth and generally is policy-dependent.en_US
dc.publisherInstitute for the Study of Labor (IZA) Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3389en_US
dc.subject.keywordEconomic growthen_US
dc.subject.keywordendogenous technical changeen_US
dc.subject.keywordentrepreneurial skillsen_US
dc.subject.keywordpopulation growthen_US
dc.subject.keywordscale effectsen_US
dc.subject.stwEndogener technischer Fortschritten_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.titleEntrepreneurial innovation and sustained long-run growth without weak or strong scale effectsen_US
dc.typeWorking Paperen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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