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150128 ||| eng |
020 |
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|a 9781451850758
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100 |
1 |
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|a Rebelo, Sergio
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245 |
0 |
0 |
|a Beyond Balanced Growth
|c Sergio Rebelo, Piyabha Kongsamut, Danyang Xie
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2001
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300 |
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|a 21 pages
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651 |
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4 |
|a United States
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653 |
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|a Labor
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653 |
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|a Manufacturing industries
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653 |
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|a Labour
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653 |
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|a Environment and Growth
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653 |
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|a Income economics
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653 |
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|a Agribusiness
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653 |
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|a Labor Economics: General
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653 |
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|a Macroeconomics
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653 |
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|a Agricultural sector
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653 |
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|a Agricultural economics
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653 |
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|a Agricultural industries
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653 |
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|a Interest rates
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653 |
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|a Industries: Manufacturing
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653 |
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|a Finance
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653 |
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|a Economic development
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653 |
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|a Agriculture: General
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653 |
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|a Economic sectors
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653 |
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|a Industry Studies: Manufacturing: General
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653 |
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|a Labor economics
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653 |
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|a Real interest rates
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653 |
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|a Banks and Banking
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653 |
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|a Sustainable growth
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653 |
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|a Economic growth
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653 |
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|a Manufacturing
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653 |
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|a Financial services
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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700 |
1 |
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|a Kongsamut, Piyabha
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700 |
1 |
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|a Xie, Danyang
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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028 |
5 |
0 |
|a 10.5089/9781451850758.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2001/085/001.2001.issue-085-en.xml?cid=15097-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
0 |
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|a 330
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520 |
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|a Balanced growth models are commonly used in macroeconomics because they are consistent with the well-known Kaldor facts regarding economic growth. These models, however, are inconsistent with one of the most striking regularities of the growth process—the massive reallocation of labor from agriculture into manufacturing and services. This paper presents a simple model consistent with both the Kaldor facts and the dynamics of sectoral labor reallocation. The model shows that balanced growth can be consistent with structural change
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