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Introduction to a General Equilibrium Approach to Economic Growth

Ghiglino, Christian (2002) 'Introduction to a General Equilibrium Approach to Economic Growth.' Journal of Economic Theory, 105 (1). pp. 1-17. ISSN 0022-0531

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Endogenous growth theory has had some success in explaining the observed data related to the process of economic growth. However, the results of the models in this literature are typically very sensitive to their micro-economic structure. It is therefore important to understand how the growth process behaves under more general specifications of such features as the number of commodities, the number and preferences of consumers, the factors of production, and the financial and information structures. In other words, valuable insights can be gained by integrating growth theory into the framework of general equilibrium theory. The summary of the papers in this volume, focuses on seven issues that are crucial to this integration and highlights the contributions of the papers to the resolution of these issues. Journal of Economic Literature Classification Numbers: C61, D50, D90, F43, O30, O41. © 2002 Elsevier Science (USA).

Item Type: Article
Uncontrolled Keywords: endogenous growth; general equilibrium theory; dynamics; heterogeneity; convex growth models; trade
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 16 Jul 2012 19:13
Last Modified: 15 Jan 2022 00:40

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