A reconsideration of the theory of non-linear scale effects : the sources of varying returns to, and economies of, scale / Richard G. Lipsey
Material type:
TextPublication details: United Kingdom Cambridge University Press 2018Description: 110 pISBN: - 9781108453097
- 338.5144 LIP-R
| Item type | Current library | Collection | Shelving location | Call number | Status | Date due | Barcode | Item holds | |
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Books
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BITS Pilani Hyderabad | 330 | General Stack (For lending) | 338.5144 LIP-R (Browse shelf(Opens below)) | Available | 40236 |
The main thrust of this Element is a critical assessment of the theory and evidence concerning the sources of scale effects. It is argued that the analysis of static scale effects is important because scale effects are embedding in our world, and new technologies associated with an evolving economy often allow their exploitation when they cannot be exploited in less technically advanced and smaller economies. So, although static equilibrium theory is not a good vehicle for studying economic growth, showing how scale effects operate when output varies with given technology helps us to understand the scale effects that occur when output rises as a result of economic growth, even though that is typically driven by technological change.
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