When economic growth is less than exponential

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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Pubblicato in:MAGKS - Joint Discussion Paper Series in Economics (Band 31-2009)
Autori principali: Groth, Christian, Koch, Karl-Josef, Steger, Thomas M.
Natura: Articolo
Lingua:inglese
Pubblicazione: Philipps-Universität Marburg 2009
Soggetti:
Wirtschaft
Quasi-arithmetic growth · Regular growth · Semi-endogenous growth · Knife-edge restrictions · Learning by doing · Embodied technical change
Economics
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