@article{2b3e2dc036fb11de87b8000ea68e967b,
title = "Life-cycle savings, bequest, and a diminishing impact of scale on growth",
abstract = "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.",
keywords = "Faculty of Social Sciences, overlapping generations, scale effects, endogenous growth",
author = "Dalgaard, {Carl-Johan Lars} and Jensen, {Martin Kaae}",
note = "JEL classification: O41, O57",
year = "2009",
doi = "10.1016/j.jedc.2009.03.002",
language = "English",
volume = "33",
pages = "1639--1647",
journal = "Journal of Economic Dynamics and Control",
issn = "0165-1889",
publisher = "Elsevier",
number = "9",
}