Scale effects in endogenous growth theory: an error of aggregation not specification

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Accounting for Trends in Productivity and R&D: A Schumpeterian Critique of Semi‐Endogenous Growth Theory (2007, background): “productivity growth, namely the R&D to GDP ratio.7 Laincz and Peretto (2004) note that according to”
R&D and economic growth in a cash-in-advance economy (2014, unknown): “…through the nominal interest rate.16 The zero-expected-pro t condition of rm k is vt t(k) = (1 + it)wtLr;t(k), (12) where the rm-level innovation arrival rate per unit time is t(k) = 'tLr;t(k), where 't = '=Nt captures the dilution e¤ect that removes scale e¤ects as in Laincz and Peretto (2006).”
The Manhattan Metaphor (2007, methodology): “Then, a path starting at time t = 0 with initial 13 See, e.g., Barro and Sala-i-Martin (2004), Laincz and Peretto (2006) and Ha and Howitt (2007) for details on these facts and the data sets and techniques used to uncover them. condition n0 and converging to the steady state n∗ is characterized…”