Beyond balanced growth /
Kongsamut, Piyabha
Beyond balanced growth / prepared by Piyabha Kongsamut, Sergio Rebelo and Danyang Xie. - Washington, D.C. : International Monetary Fund, 2001 - 20 p. - IMF working paper ; no. WP/01/85 .
Bibliografía: p. 19-20.
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 striking regularities of the growth process- the massive reallocation of labor from agriculture into manufactoring and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labor reallocation. The model shows that balanced growth can be consistent with structural change.
CRECIMIENTO ECONOMICO
MODELOS ECONOMICOS
338.9001
Beyond balanced growth / prepared by Piyabha Kongsamut, Sergio Rebelo and Danyang Xie. - Washington, D.C. : International Monetary Fund, 2001 - 20 p. - IMF working paper ; no. WP/01/85 .
Bibliografía: p. 19-20.
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 striking regularities of the growth process- the massive reallocation of labor from agriculture into manufactoring and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labor reallocation. The model shows that balanced growth can be consistent with structural change.
CRECIMIENTO ECONOMICO
MODELOS ECONOMICOS
338.9001