000			02082cam a22003497 4500
001			w6159
003			NBER
005			20211020113956.0
006			m o d
007			cr cnu||||||||
008			210910s1997 mau fo 000 0 eng d
100	1		_aKongsamut, Piyabha. _914470
245	1	0	_aBeyond Balanced Growth / _cPiyabha Kongsamut, Sergio Rebelo, Danyang Xie.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1997.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w6159
500			_aSeptember 1997.
520	3		_aOne of the most striking regularities of the growth process is the massive reallocation of labor from agriculture into industry and services. Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts about economic growth. These models are, however, inconsistent with the structural change dynamics that are a central feature of economic development. This paper discusses models with generalized balanced growth paths. These paths retain some of the key features of balanced growth but are consistent with the observed labor reallocations dynamics.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology _2Journal of Economic Literature class.
690		7	_aO41 - One, Two, and Multisector Growth Models _2Journal of Economic Literature class.
700	1		_aRebelo, Sergio.
700	1		_aXie, Danyang. _923051
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w6159.
856	4	0	_uhttps://www.nber.org/papers/w6159
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w6159
942			_2ddc _cW-PAPER
999			_c342132 _d300694