Balanced-growth equilibrium
id:
balanced-growth-equilibrium-245-2210216
title:
Balanced-growth equilibrium
text:
In macroeconomics, the balanced-growth path of a dynamic model is a trajectory such that all variables grow at a constant rate. In the standard exogenous growth model, balanced growth is a basic assumption, while other variables like the capital stock, real GDP, and output per worker are growing. Developing economies may adopt a strategy of unbalanced growth to rectify previous investment decisions, as put forward by economist Albert O. Hirschman. In microbiology, the state of balanced-growth me
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Balanced-growth_equilibrium
date created:
date modified:
2022-06-05T04:41:50Z
main entity:
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13
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