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The Long-Run implications of Growth Theories

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  • Jonathan Temple

    (University of Bristol)

Abstract

This paper draws attention to some possible misunderstandings concerning the place of long-run outcomes in growth theory. It argues that the traditional emphasis on these outcomes is often misguided. As a result of this emphasis, too much attention is paid to the role of knife-edge assumptions, and researchers may be led to interpretations of the evidence, or models of the growth process, that are not wholly sensible. Copyright Blackwell Publishing Ltd, 2003.

Suggested Citation

  • Jonathan Temple, 2003. "The Long-Run implications of Growth Theories," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 497-510, July.
  • Handle: RePEc:bla:jecsur:v:17:y:2003:i:3:p:497-510
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