Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/82103 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
EPRU Working Paper Series No. 2009-03
Verlag: 
University of Copenhagen, Economic Policy Research Unit (EPRU), Copenhagen
Zusammenfassung: 
This paper argues that growth theory needs a more general notion of “regularity” than that of exponential growth. We suggest that paths along which the rate of decline of the growth rate is proportional to the growth rate itself deserve attention. This opens up for considering a richer set of parameter combinations than in standard growth models. And it avoids the usual oversimplistic dichotomy of either exponential growth or stagnation. Allowing zero population growth in three different growth models (the Jones R&D-based model, a learning-by-doing model, and an embodied technical change model) serve as illustrations that a continuum of “regular” growth processes fill the whole range between exponential growth and complete stagnation.
Schlagwörter: 
quasi-arithmetic growth
regular growth
semi-endogenous growth
knife-edge restrictions
learning by doing
embodied technical change
JEL: 
O31
O40
O41
Dokumentart: 
Working Paper

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