PL EN


2007 | 18 | 11-12 | 1-16
Article title

THE 'KNIFE-EDGE' CONDITIONS OF BALANCED GROWTH

Authors
Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
In a previous paper, the author (2007) showed that conventional growth models do not satisfactorily explain exponential/geometric growth. A balanced growth path with strictly positive rates requires 'knife-edge conditions'. This is because balanced growth paths are fragile and sensitive to the smallest disturbances in parameter values. His latest paper, which deals with the 'knife-edge' conditions of balanced growth, looks at this theoretical approach in the context of other growth models found in literature on the subject. The author's approach sheds new light on the ongoing debate on the sources of economic growth.
Year
Volume
18
Issue
Pages
1-16
Physical description
Document type
ARTICLE
Contributors
author
  • J. Growiec, Szkola Gl√≥wna Handlowa w Warszawie, Kolegium Analiz Ekonomicznych, al. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08PLAAAA03477113
YADDA identifier
bwmeta1.element.96512c1b-c0d8-32c1-8c22-4ff35fab895e
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