全球智库信息集成服务系统(G2TT): Internal Increasing Returns to Scale and Economic Growth

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w12999
来源ID	Working Paper 12999
	Internal Increasing Returns to Scale and Economic Growth
	John A. List; Haiwen Zhou
发表日期	2007-03-28
出版年	2007
语种	英语
摘要	This study develops a model of endogenous growth based on increasing returns due to firms' technology choices. Particular attention is paid to the implications of these choices, combined with the substitution of capital for labor, on economic growth in a general equilibrium model in which the R&D sector produces machines to be used for the sector producing final goods. We show that incorporating oligopolistic competition in the sector producing finals goods into a general equilibrium model with endogenous technology choice is tractable, and we explore the equilibrium path analytically. The model illustrates a novel manner in which sustained per capita growth of consumption can be achieved -- through continuous adoption of new technologies featuring the substitution between capital and labor. Further insights of the model are that during the growth process, the size of firms producing final goods increases over time, the real interest rate is constant, and the real wage rate increases over time.
主题	Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Development and Growth ; Growth and Productivity
URL	https://www.nber.org/papers/w12999
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/570666
推荐引用方式 GB/T 7714	John A. List,Haiwen Zhou. Internal Increasing Returns to Scale and Economic Growth. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w12999.pdf（118KB）	智库出版物		限制开放	CC BY-NC-SA	浏览