Growth in open economies

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Document Search > Report Details

Growth in open economies, Volume 1

Author:	Rebelo, Sergio;	Collection Title:	Policy, Research, and External Affairs working papers ; no. WPS 799. Macroeconomic adjustment and growth
Date Stored:	2001/04/26	Document Date:	1991/11/30
Document Type:	Policy Research Working Paper	Language:	English
Major Sector:	(Historic)Economic Policy	Report Number:	WPS799
Sub Sectors:	Macro/Non-Trade	SubTopics:	Environmental Economics & Policies; Achieving Shared Growth; Economic Theory & Research; Inequality; Economic Growth
Volume No:	1

Summary: The author surveys recent growth models that try to explain the diversity among countries in rates of economic growth. The author finds that these models can generate differences in growth rates only in the absence of international capital markets. Under these models, if there were free international capital mobility, the growth rate of consumption and GNP would quickly be equalized all over the world. The author describes a simple modification of standard preferences that eliminates this implausible equalization of growth and is consistent with the fact that the savings rate is lower in poor countries than in rich countries.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 58 pages	Official version*	4.06 (approx.)
	Text	Text version**

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/MZ8PR2IL70