Long-Run Policy Analysis and Long-Run Growth Export

by: Sergio Rebelo

The Journal of Political Economy, Vol. 99, No. 3. (1991), pp. 500-521.

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Abstract

The wide cross-country disparity in rates of economic growth is the most puzzling feature of the development process. This paper describes a class of models in which this heterogeneity in growth experiences can be the result of cross-country differences in government policy. These differences can also create incentives for labor migration from slow-growing to fast-growing countries. In the models considered, growth is endogeneous despite the absence of increasing returns because there is a "core" of capital goods that can be produced without the direct or indirect contribution of factors that cannot be accumulated, such as land.

@article{citeulike:270480, abstract = {The wide cross-country disparity in rates of economic growth is the most puzzling feature of the development process. This paper describes a class of models in which this heterogeneity in growth experiences can be the result of cross-country differences in government policy. These differences can also create incentives for labor migration from slow-growing to fast-growing countries. In the models considered, growth is endogeneous despite the absence of increasing returns because there is a \"core\" of capital goods that can be produced without the direct or indirect contribution of factors that cannot be accumulated, such as land.}, author = {Rebelo, Sergio}, citeulike-article-id = {270480}, citeulike-linkout-0 = {http://www.jstor.org/stable/2937740}, journal = {The Journal of Political Economy}, keywords = {411-1}, number = {3}, pages = {500--521}, posted-at = {2006-11-17 07:25:08}, priority = {2}, title = {Long-Run Policy Analysis and Long-Run Growth}, url = {http://www.jstor.org/stable/2937740}, volume = {99}, year = {1991} }

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TY - JOUR ID - citeulike:270480 L3 - citeulike-article-id:270480 N2 - The wide cross-country disparity in rates of economic growth is the most puzzling feature of the development process. This paper describes a class of models in which this heterogeneity in growth experiences can be the result of cross-country differences in government policy. These differences can also create incentives for labor migration from slow-growing to fast-growing countries. In the models considered, growth is endogeneous despite the absence of increasing returns because there is a "core" of capital goods that can be produced without the direct or indirect contribution of factors that cannot be accumulated, such as land. IS - 3 JF - The Journal of Political Economy EP - 521 TI - Long-Run Policy Analysis and Long-Run Growth VL - 99 SP - 500 KW - 411-1 AU - Rebelo, Sergio PY - 1991/// UR - http://www.jstor.org/stable/2937740 ER -

Long-Run Policy Analysis and Long-Run Growth Export

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