Pasinetti versus Rebelo: Two different models or just one?
AbstractPasinetti's [Pasinetti, L.L., 1960. A mathematical formulation of the Ricardian system. Review of Economic Studies 27, 78-98] model formalizing Ricardian growth theory and one of the simplest models developed within the 'new' growth theory [Rebelo, S., 1991. Long run policy analysis and long run growth. Journal of Political Economy 99, 500-521] are shown to share the same structure. This enforces the thesis according to which many endogenous growth models have a 'Classical' flavour. The main difference from Pasinetti's to Rebelo's framework may be interpreted as reflecting the change in the consumption pattern of workers from early to late industrial societies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 65 (2008)
Issue (Month): 3-4 (March)
Contact details of provider:
Web page: http://www.elsevier.com/locate/jebo
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kurz,Heinz D. & Salvadori,Neri, 1995.
"Theory of Production,"
Cambridge University Press, number 9780521443258, October.
- Rebelo, Sergio, 1991.
"Long-Run Policy Analysis and Long-Run Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 99(3), pages 500-521, June.
- Gabriel J. FELBERMAYR & Omar LICANDRO, 2002.
"The Under-Estimated Virtues of the Two-Sector AK Model,"
Economics Working Papers
ECO2002/27, European University Institute.
- Felbermayr Gabriel J & Licandro Omar, 2005. "The Underestimated Virtues of the Two-sector AK Model," The B.E. Journal of Macroeconomics, De Gruyter, vol. 5(1), pages 1-19, September.
- Gabriel Felbermayr & Omar Licandro, 2003. "The underestimated virtues of the two-sector AK model," Economics working papers 2003-15, Department of Economics, Johannes Kepler University Linz, Austria.
- Gabriel J. Felbermayr & Omar Licandro, . "The underestimated virtues of the two-sector AK model," Working Papers 2003-13, FEDEA.
- Kurz, Heinz D & Salvadori, Neri, 1992. "Morishima on Ricardo: Review Article," Cambridge Journal of Economics, Oxford University Press, vol. 16(2), pages 227-47, June.
- Morishima, M, 1996. "Morishima on Ricardo: Two Replies," Cambridge Journal of Economics, Oxford University Press, vol. 20(1), pages 91-109, January.
- Jones, Charles I, 1995. "Time Series Tests of Endogenous Growth Models," The Quarterly Journal of Economics, MIT Press, vol. 110(2), pages 495-525, May.
- Hahn, F H, 1975. "Revival of Political Economy: The Wrong Issues and the Wrong Argument," The Economic Record, The Economic Society of Australia, vol. 51(135), pages 360-64, September.
- Kurz, Heinz D & Salvadori, Neri, 1998. "Morishima on Ricardo: A Rejoinder," Cambridge Journal of Economics, Oxford University Press, vol. 22(2), pages 227-39, March.
- Bilancini, Ennio & D'Alessandro, Simone, 2012.
"Long-run welfare under externalities in consumption, leisure, and production: A case for happy degrowth vs. unhappy growth,"
Elsevier, vol. 84(C), pages 194-205.
- Ennio Bilancini & Simone D’Alessandro, 2011. "Long-run Welfare under Externalities in Consumption, Leisure, and Production: A Case for Happy Degrowth vs. Unhappy Growth," Department of Economics 0667, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
- Ennio Bilancini & Simone D'Alessandro, 2011. "Long-run Welfare under Externalities in Consumption, Leisure, and Production: A Case for Happy Degrowth vs. Unhappy Growth," Center for Economic Research (RECent) 072, University of Modena and Reggio E., Dept. of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.