Life-cycle savings, bequest, and a diminishing impact of scale on growth
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Standard
Life-cycle savings, bequest, and a diminishing impact of scale on growth. / Dalgaard, Carl-Johan Lars; Jensen, Martin Kaae.
I: Journal of Economic Dynamics and Control, Bind 33, Nr. 9, 2009, s. 1639-1647.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - JOUR
T1 - Life-cycle savings, bequest, and a diminishing impact of scale on growth
AU - Dalgaard, Carl-Johan Lars
AU - Jensen, Martin Kaae
N1 - JEL classification: O41, O57
PY - 2009
Y1 - 2009
N2 - The present paper shows that the savings motive critically affects the size and sign of scale effects in standard endogenous growth models. If the bequest motive dominates, the scale effect is positive. If the life-cycle motive dominates, the scale effect is ambiguous and may even be negative.
AB - The present paper shows that the savings motive critically affects the size and sign of scale effects in standard endogenous growth models. If the bequest motive dominates, the scale effect is positive. If the life-cycle motive dominates, the scale effect is ambiguous and may even be negative.
KW - Faculty of Social Sciences
KW - overlapping generations
KW - scale effects
KW - endogenous growth
U2 - 10.1016/j.jedc.2009.03.002
DO - 10.1016/j.jedc.2009.03.002
M3 - Journal article
VL - 33
SP - 1639
EP - 1647
JO - Journal of Economic Dynamics and Control
JF - Journal of Economic Dynamics and Control
SN - 0165-1889
IS - 9
ER -
ID: 12122865