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来源类型Working Paper
规范类型报告
DOI10.3386/w6159
来源IDWorking Paper 6159
Beyond Balanced Growth
Piyabha Kongsamut; Sergio Rebelo; Danyang Xie
发表日期1997-09-01
出版年1997
语种英语
摘要One of the most striking regularities of the growth process is the massive reallocation of labor from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth. These models are, however, inconsistent with the structural change dynamics that are a central feature of economic development. This paper discusses models with generalized balanced growth paths. These paths retain some of the key features of balanced growth but are consistent with the observed labor reallocations dynamics.
主题Development and Growth ; Development ; Growth and Productivity
URLhttps://www.nber.org/papers/w6159
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563667
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GB/T 7714
Piyabha Kongsamut,Sergio Rebelo,Danyang Xie. Beyond Balanced Growth. 1997.
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