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The Stability of Growth Equilibrium

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  • F. H. Hahn

Abstract

Introduction, 206. — I. Statement of the problem, 209; growth equilibrium formulated, 210; the Solow case, 212. — II. Model A. Continuous full employment, the Wicksell case, 213. — III. Model B. Unemployment permitted, 219; the stabilizing effects of redistribution, 221; the stabilizing effect of changing money wages and changing interest rates, 223. — IV. Model C. The Keynesian assumptions, 224.

Suggested Citation

  • F. H. Hahn, 1960. "The Stability of Growth Equilibrium," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 74(2), pages 206-226.
    • Handle: RePEc:oup:qjecon:v:74:y:1960:i:2:p:206-226.
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    File URL: http://hdl.handle.net/10.2307/1884251
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    Cited by:

    1. Michaël Assous & Muriel Dal Pont Legrand, 2020. "Growth Without Expectations: The Original Sin of Neoclassical Growth Models," Springer Studies in the History of Economic Thought, in: Arie Arnon & Warren Young & Karine van der Beek (ed.), Expectations, pages 121-130, Springer.
    2. Michaël Assous & Muriel Dal Pont Legrand & Sonia Manseri, 2020. "Samuelson's Neoclassical Synthesis in the Context of Growth Economics, 1956-1967," GREDEG Working Papers 2020-12, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Jeannette Graulau, 2008. "‘Is mining good for development?’," Progress in Development Studies, , vol. 8(2), pages 129-162, April.
    4. Takatoshi Ito, 1978. "Disequilibrium Growth Theory: The Kaldor Model," NBER Working Papers 0281, National Bureau of Economic Research, Inc.
    5. Michael Assous, 2013. "Solow's Struggle with Medium-Run Macroeconomics: 1956-1995," Center for the History of Political Economy Working Paper Series 2013-17, Center for the History of Political Economy.
    6. Berck, Peter, 1979. "Optimal Management of Renewable Resources with Growing Demand and Stock Externalities," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt4tp7w71m, Department of Agricultural & Resource Economics, UC Berkeley.
    7. Berck, Peter, 1979. "Optimal Management of Renewable Resources with Growing Demand and Stock Externalities," CUDARE Working Papers 37694, University of California, Berkeley, Department of Agricultural and Resource Economics.

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