The Dynamic Leontief Model and the Theory of Endogenous Growth
This paper shows that the dynamic Leontief model can be interpreted as a linear model of endogenous growth. The long-term rate of growth is determined within the economic system - either as the outcome of the saving and investment behaviour of agents or as the outcome of some planner's maximization of some objective function.
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Volume (Year): 12 (2000)
Issue (Month): 2 ()
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References listed on IDEAS
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- Sergio T. Rebelo, 1990.
"Long Run Policy Analysis and Long Run Growth,"
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3325, National Bureau of Economic Research, Inc.
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- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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"Public Policy and Economic Growth: Developing Neoclassical Implications,"
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University of Chicago Press, vol. 98(5), pages S126-50, October.
- Robert G. King & Sergio Rebelo, 1990. "Public Policy and Economic Growth: Developing Neoclassical Implications," NBER Working Papers 3338, National Bureau of Economic Research, Inc.
- King, R.G. & Rebelo, S., 1988. "Public Policy And Economic Growth: Developing Neoclassical Implications," RCER Working Papers 225, University of Rochester - Center for Economic Research (RCER).
- Jones, Larry E & Manuelli, Rodolfo E, 1990. "A Convex Model of Equilibrium Growth: Theory and Policy Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1008-38, October.
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