Beyond Balanced Growth

Beyond Balanced Growth
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 manufacturing and services. This paper... READ MORE...

Publication date: June 2001
ISBN 9781451850758
$15.00

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