Rethinking the Concept of Long-Run Economic Growth

Research output: Working paperResearch

This paper argues that growth theory needs a more general "regularity" concept than that of exponential growth. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of "regular growth"
Original languageEnglish
Place of PublicationMunich
PublisherCESifo
Number of pages11
Publication statusPublished - 2006

ID: 327260