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The empirical foundation of the golden rule

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Author Info
Víctor J.Elías
Abstract

This paper analizes with cross-sectional data if the Golden Rule condition satisfies: where the saving index is equal to capital (beta) or to the real interest rate, equal to the gross output growth of households.

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File URL: http://econ.uchile.cl/public/Archivos/pub/ea83f320-565f-417e-816a-1f4ccd0efa04.pdf
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Publisher Info
Article provided by University of Chile, Department of Economics in its journal Estudios de Economia.

Volume (Year): 28 (2001)
Issue (Month): 1 Year 2001 (June)
Pages: 79-88
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Handle: RePEc:udc:esteco:v:28:y:2001:i:1:p:79-88

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Web page: http://www.econ.uchile.cl/
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Related research
Keywords: Development; efficiency; welfare.;

Find related papers by JEL classification:
E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General

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  1. Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989. "Assessing Dynamic Efficiency: Theory and Evidence," NBER Working Papers 2097, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Friedman, Milton, 1971. "A Monetary Theory of Nominal Income," Journal of Political Economy, University of Chicago Press, vol. 79(2), pages 323-37, March-Apr. [Downloadable!] (restricted)
  3. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April. [Downloadable!] (restricted)
    Other versions:
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