Warunki zrównoważonego wzrostu gospodarczego

• Authors: Jakub Growiec

Title variants

EN

The ‘Knife-Edge’ Conditions of Balanced Growth

• Languages of publication: PL

Abstracts

EN

In a previous paper, Growiec (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,” Growiec says. This is because balanced growth paths are fragile and sensitive to the smallest disturbances in parameter values. Growiec’s 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.

Keywords

EN

long-run growth; balanced growth path; knife-edge conditions

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2007
• Volume: 220
• Issue: 11-12
• Pages: 1-16

Dates

published

2007-12-31

Contributors

author

Jakub Growiec

Identifiers

DOI

10.33119/GN/101363