Beyond balanced growth

被引:530
作者
Kongsamut, P [1 ]
Rebelo, S
Xie, DY
机构
[1] Int Monetary Fund, Washington, DC 20431 USA
[2] Northwestern Univ, NBER, Evanston, IL 60208 USA
[3] Northwestern Univ, CEPR, Evanston, IL 60208 USA
[4] Hong Kong Univ Sci & Technol, Hong Kong, Hong Kong, Peoples R China
基金
美国国家科学基金会;
关键词
D O I
10.1111/1467-937X.00193
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 labour from agriculture into manufacturing and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labour reallocation.
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页码:869 / 882
页数:14
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