Scale Externalities of the G 7 Countries

  • Volkswirtschaftliche Diskussionsreihe
  • Published 2005
Scale effects in per capita production are an outcome of many theoretical economic models like second generation growth models, models of the new trade theory or the new economic geography. The prediction is that larger economies should have a higher per capita production than smaller economies. However, in an open economy context the scale of the economy… CONTINUE READING