On the Dynamics of Economic Growth /

This paper examines the dynamics of economic growth. First, it demonstrates that the standard neoclassical growth model with constant elasticity of intertemporal substitution is not consistent with the patterns of development we observe in the real world, once we consider the initial conditions. Sec...

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Автор: Sarel, Michael
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1994.
Серія:IMF Working Papers; Working Paper ; No. 1994/138
Онлайн доступ:Full text available on IMF