Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83197
Authors: 
Christiaans, Thomas
Year of Publication: 
2001
Series/Report no.: 
Volkswirtschaftliche Diskussionsbeiträge 95-01
Abstract: 
A simple rule of thumb which has been successfully used in the basic neoclassical growth model as an alternative to the unstable dynamic optimization solution is shown to be more generally applicable in a non-scale growth model with learning by doing. The model is formulated in accordance with empirical regularities about learning by doing and shown to generate the stylized facts about economic growth reasonably well. The external effects of learning by doing can be internalized by the steady state tax cum subsidy policy implied by a decentralized dynamic optimization approach.
JEL: 
O41
O30
D90
Document Type: 
Working Paper

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