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Beyond Balanced Growth1

Beyond Balanced Growth1 »

Source: Beyond Balanced Growth

Volume/Issue: 2001/85

Series: IMF Working Papers

Author(s): Sergio Rebelo , Piyabha Kongsamut , and Danyang Xie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2001

ISBN: 9781451850758

Keywords: growth, structural change, Kaldor facts, real interest rate, economic growth, growth rate, growth rates, labor income, One, Two

Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of the most striki...

Beyond Balanced Growth

Beyond Balanced Growth »

Volume/Issue: 2001/85

Series: IMF Working Papers

Author(s): Sergio Rebelo , Piyabha Kongsamut , and Danyang Xie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2001

DOI: http://dx.doi.org/10.5089/9781451850758.001

ISBN: 9781451850758

Keywords: growth, structural change, Kaldor facts, real interest rate, economic growth, growth rate, growth rates, labor income, One, Two

Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of the most striki...