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Warunki zrównoważonego wzrostu gospodarczego

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  • Growiec, mJakub

Abstract

In a previous paper, Growiec (2007) showed that conventional growth models do not satisfactorily explain exponential/geometric growth. A balanced growth path with strictly positive rates requires “knife-edge conditions,” Growiec says. This is because balanced growth paths are fragile and sensitive to the smallest disturbances in parameter values. Growiec’s latest paper, which deals with the “knife-edge” conditions of balanced growth, looks at this theoretical approach in the context of other growth models found in literature on the subject. The author’s approach sheds new light on the ongoing debate on the sources of economic growth.

Suggested Citation

  • Growiec, mJakub, 2007. "Warunki zrównoważonego wzrostu gospodarczego," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2007(11-12), December.
    • Handle: RePEc:ags:polgne:356523
    DOI: 10.22004/ag.econ.356523
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    References listed on IDEAS

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    Cited by:

    1. Growiec, Jakub, 2010. "Knife-edge conditions in the modeling of long-run growth regularities," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1143-1154, December.

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