Threshold Externalities in Economic Development

S-Tier
Journal: Quarterly Journal of Economics
Year: 1990
Volume: 105
Issue: 2
Pages: 501-526

Authors (2)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Standard one-sector growth models often have the counterfactual implication that economies with access to similar technologies will converge to a common balanced growth path. We propose an elaboration of the Diamond model that permits multiple, locally stable stationary states. This multiplicity is due to increasing social returns to scale in the accumulation of human capital.

Technical Details

RePEc Handle
repec:oup:qjecon:v:105:y:1990:i:2:p:501-526.
Journal Field
General
Author Count
2
Added to Database
2026-01-24