Scale Effects in Schumpeterian Models of Economic Growth

Posted: 14 Aug 1999

See all articles by Elias Dinopoulos

Elias Dinopoulos

Department of Economics; University of Florida - Warrington College of Business Administration - Department of Economics

Peter Thompson

Georgia Institute of Technology - Scheller College of Business

Abstract

Early models of Schumpeterian growth incorporate scale effects predicting that large economies grow faster than small economies, and that population growth causes accelerating per capita income growth. An absence of clear empirical evidence for these scale effects has led some researchers to question the foundations underlying the Schumpeterian approach to growth. This paper reviews empirical evidence on the relationship between scale and growth, and recent attempts to construct Schumpeterian growth models without scale effects.

JEL Classification: O2, O3

Suggested Citation

Dinopoulos, Elias and Thompson, Peter, Scale Effects in Schumpeterian Models of Economic Growth. Available at SSRN: https://ssrn.com/abstract=164816

Elias Dinopoulos (Contact Author)

Department of Economics ( email )

Gainesville, FL 32610-0496
United States

University of Florida - Warrington College of Business Administration - Department of Economics ( email )

224 Matherly Hall
Gainesville, FL 32611-7140
United States
352-392-8150 (Phone)
352-392-7860 (Fax)

Peter Thompson

Georgia Institute of Technology - Scheller College of Business ( email )

800 West Peachtree St., NW
Atlanta, GA 30308-1149
United States

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