منابع مشابه
MPhil Macroeconomics: Economic Growth
2 Solow’s ‘shocker’ 5 2.1 Details of the model . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.2 Steady state growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.3 Technological change . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2.4 Growth accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 2.5 Decentralised economy . . . . . . . . . . . ...
متن کاملMacroeconomics, Human Development, and Distribution
Policies designed to pursue an equity-led macroeconomic growth strategy must take into account feedback effects, with distribution itself influencing macroeconomic outcomes. Under the right conditions, a more equitable distribution of income and opportunities in the form of human development can be a stimulus to growth, funding further investments in human development. Developing the policies t...
متن کاملEssays on the Macroeconomics of Economic Development
Chapter 1 contains a theory of misallocation. In contrast to a recent literature where misallocation stems from imperfect input markets, I study an economy with non-competitive output markets. This change of focus has two implications. In the cross-section of firms, static misallocation, i.e. the dispersion of marginal products, is not driven by constraints limiting expansion possibilities, but...
متن کاملMacroeconomics and Health: Investing in Health for Economic Development
" …let me say that I hope we keep our voice clear and strong on the central task of raising the health of the poor. I can be 'realistic' and 'cynical' with the best of them—giving all the reasons why things are too hard to change. We must dream a bit, not beyond the feasible but to the limits of the feasible, so that we inspire. I think that we are an important voice speaking on behalf of the w...
متن کاملIntermediate Macroeconomics: Economic Growth and the Solow Model
ing from money, meaning everything is denominated in units of goods, e.g. fruit). Total cost is the wage bill plus the capital bill. Let wt be the real wage rate – it is the number of goods the firm must pay each unit of labor. Let Rt be the real “rental rate” – it is the number of goods the firm must give up to lease a unit of capital. The firm is a price-taker, so it takes these as given. Pro...
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 1991
ISSN: 0889-3365,1537-2642
DOI: 10.1086/654175