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  2. Ragnar Nurkse's balanced growth theory - Wikipedia

    en.wikipedia.org/wiki/Ragnar_Nurkse's_balanced...

    The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously.

  3. Balanced-growth equilibrium - Wikipedia

    en.wikipedia.org/wiki/Balanced-growth_equilibrium

    In macroeconomics, the balanced-growth path of a dynamic model is a trajectory such that all variables grow at a constant rate. In the standard exogenous growth model , balanced growth is a basic assumption, while other variables like the capital stock , real GDP , and output per worker are growing.

  4. Ragnar Nurkse - Wikipedia

    en.wikipedia.org/wiki/Ragnar_Nurkse

    Balanced Growth Theory Ragnar Wilhelm Nurkse (5 October 1907, [ a ] Käru , Estonia – 6 May 1959, Le Mont-Pèlerin , Switzerland ) was an Estonian-American [ 1 ] economist and policy maker mainly in the fields of international finance and economic development.

  5. The Strategy of Economic Development - Wikipedia

    en.wikipedia.org/wiki/The_Strategy_of_Economic...

    In place of balanced growth, Hirschman proposes a theory of unbalanced growth, where "imbalances" and "pressure points" created by the growth process can be used to identify areas where policymakers can intervene. In addition, Hirschman introduces the notions of backward linkages---the demand created by a new industry for intermediate goods ...

  6. Endogenous growth theory - Wikipedia

    en.wikipedia.org/wiki/Endogenous_growth_theory

    An endogenous growth theory implication is that policies that embrace openness, competition, change and innovation will promote growth. [ citation needed ] Conversely, policies that have the effect of restricting or slowing change by protecting or favouring particular existing industries or firms are likely, over time, to slow growth to the ...

  7. US, China to hold talks on 'balanced growth' amid ...

    www.aol.com/news/us-criticism-chinese...

    GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier He Lifeng agreed to launch exchanges on "balanced" economic growth, an effort to ...

  8. Category:Economic growth - Wikipedia

    en.wikipedia.org/wiki/Category:Economic_growth

    Ragnar Nurkse's balanced growth theory; Reindustrialization; Resource curse; Robinson Crusoe economy; Rostow's stages of growth; S. Secular stagnation; Social savings;

  9. Uzawa's theorem - Wikipedia

    en.wikipedia.org/wiki/Uzawa's_Theorem

    Uzawa's theorem, also known as the steady-state growth theorem, is a theorem in economic growth that identifies the necessary functional form of technological change for achieving a balanced growth path in the Solow–Swan and Ramsey–Cass–Koopmans growth models. It was proved by Japanese economist Hirofumi Uzawa in 1961. [1]