TY  - BOOK
AU  - Rebelo,Sergio
AU  - Kongsamut,Piyabha
AU  - Rebelo,Sergio
AU  - Xie,Danyang
TI  - Beyond Balanced Growth
T2  - IMF Working Papers; Working Paper
SN  - 1451850751 :
SN  - 1018-5941
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Economic Growth
KW  - imf
KW  - Growth Rate
KW  - Growth Rates
KW  - Growth
KW  - Kaldor Facts
KW  - Labor Income
KW  - Hong Kong Special Administrative Region of China
KW  - United States
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/00743-9781451850758/00743-9781451850758/00743-9781451850758.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451850758
ER  -