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1

On Stable Growth and Equilibrium

100%
Panek E.
Ekonomista
|
2005
|
issue 1
9-26
EN
The contemporary criticism of general equilibrium theory is usually focused on commonly taken assumption of stationarity of the Walrasian economic system. Despite the efforts to get out of the static Walrasian equilibrium the studies predominantly ended up with stability playing the secondary role in confrontation with the notion of equilibrium. The article demonstrates, on the basis of a generalized Walrasian system, that stationarity does not constitute the necessary condition for a stable economic growth.
2

FACTORS OF ECONOMIC GROWTH FROM A HISTORICAL PERSPECTIVE. REVIEW OF SELECTED ECONOMIC GROWTH MODELS (Czynniki wzrostu gospodarczego w ujeciu historycznym. przeglad wybranych modeli wzrostu gospodarczego)

100%
Piotrowska E.
Optimum. Studia Ekonomiczne
|
2010
|
issue 2 (46)
81-88
EN
The paper presents the analysis of factors determining the economic growth from time perspective and their presentation in selected models. Growth is an extremely complex term dependent on many conditions. That is why models describing it are based on many assumptions which, on the one hand, al- low making the analysis simpler but, on the other hand, are depicting only the 'closer image' of reality where just selected factors explain the process of growth. Taking into consideration only quantitative determinants is not enough to indicate the sources of economic development. Therefore, qualitative conditions are also included and are currently becoming the main object of growth generators re- search. Particular emphasis was placed on the supply models of growth to show evolution of the supply determinants.
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