https://devec.subwiki.org/w/index.php?action=history&feed=atom&title=Balanced_growth_equilibrium 2026-04-18T04:07:28Z Revision history for this page on the wiki MediaWiki 1.41.2 https://devec.subwiki.org/w/index.php?title=Balanced_growth_equilibrium&diff=13&oldid=prev 2014-02-23T23:16:58Z

<p>Created page with &quot;==Definition== A &#039;&#039;&#039;balanced growth equilibrium&#039;&#039;&#039; refers to a situation where an economy has settled into a long-run growth path where only its overall size is changing, and...&quot;</p> <p><b>New page</b></p><div>==Definition==<br /> <br /> A &#039;&#039;&#039;balanced growth equilibrium&#039;&#039;&#039; refers to a situation where an economy has settled into a long-run growth path where only its overall size is changing, and its composition remains constant. Explicitly:<br /> <br /> * Measures of the total quantity of inputs and outputs (such as capital stock, GDP, effective labor supply) grow exponentially (i.e., they have a constant exponential growth rate).<br /> * Measures of ratios between quantities of inputs and outputs (such as savings rate, capital intensity) remain constant.<br /> <br /> The term &#039;&#039;&#039;balanced growth model&#039;&#039;&#039; may be used for a model that has a balanced growth equilibrium, or somewhat more narrowly for a model that asymptotically converges to a balanced growth equilibrium from all (or most) initial conditions, including unbalanced ones.</div>

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