Endogenous growth, semi-endogenous growth... or both? A simple hybrid model

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 154
Issue: C
Pages: 28-30

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

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

Abstract

First generation endogenous growth models had the counterfactual implication that the long-term growth of per-capita GDP increased with the population size. Two influential growth paradigms, the semi-endogenous and the second generation fully endogenous, eliminated this strong scale effect. Both solutions have useful aspects and insights, but very different policy implications. This paper combines both approaches into a single hybrid model class, and shows that no matter the weight assigned to each paradigm, the long-run predictions of the semi-endogenous policy dominate with high enough population growth rates, while the long-run predictions of the fully endogenous policy dominate at low population growth rates.

Technical Details

RePEc Handle
repec:eee:ecolet:v:154:y:2017:i:c:p:28-30
Journal Field
General
Author Count
1
Added to Database
2026-01-25