When economic growth is less than exponential

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 parame...

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Publicado en:MAGKS - Joint Discussion Paper Series in Economics (Band 31-2009)
Autoren: Groth, Christian, Koch, Karl-Josef, Steger, Thomas M.
Formato: Artigo
Idioma:inglés
Publicado: Philipps-Universität Marburg 2009
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