Document Type

Report

Publication Date

1976

Number

38

Abstract

In this paper we investigate whether and in what sense there is an equilibrium rate of economic growth. Given an ongoing expansion of productive possibilities arising from technical progress, we proceed to examine the implicit demand for growth opportunities 5 its reflection in the supply of capital consisting of all forms, and the determination of a net, or equilibrium rate of increase in per capita income as a joint outcome of supply and demand for growth.

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