Fundamentos microeconomicos de la macroeconomia del crecimiento desbalanceado
Article Sidebar
Main Article Content
This paper intends to reformulate the famous Baumol's macroeconomics model of unbalanced growth. The inspection of its basic tenets using a new version of the model that includes the demand side of analysis shows that it is unfounded to say that there is a tendency for the outputs of the “nonprogressive” sector to dwindle progressively in time. The solution of the optimum control problem for the model reveals that free market solutions are not Pareto optima. The government intervention is essential to match negative consumption's externalities created by increasing urbanisation, but also to correct the dynamic inefficiency induced by the unbalanced growth of productivity.
- Javier Andrés Castro Heredia, Leonardo Raffo López, Some Considerations about the Structure of Economics Curriculums in Colombia , Sociedad y Economía: No. 30 (2016): Número 30 (Enero - Junio 2016): Economía y sociología de la educación: los retos del siglo XXI
- Leonardo Raffo López, How are small worlds created? Methodological individualism and social networks , Sociedad y Economía: No. 16 (2009): Conflicto, Desplazamiento y Redes Sociales
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Revista sociedad y economía editada por la Facultad de Ciencias Sociales y Económicas de la Universidad del Valle se encuentra bajo una Licencia Internacional Creative Commons Atribución - No comercial 4.0
Basada en una obra en http://sociedadyeconomia.univalle.edu.co