Macroeconomics is evolving from the study of aggregate dynamics to the study of the
dynamics of the entire equilibrium distribution of allocations across individual economic …

This article reviews macroeconomic models with heterogeneous households. A key
question for the relevance of these models concerns the degree to which markets are …

适宜技术,技术选择和发展中国家的经济增长 Page 1 1 No. C2005004 2005-05 适宜技术,技术
选择和发展中国家的经济增长 林毅夫张鹏飞 ∗ (北京大学中国经济研究中心,100871) No …

A comprehensive, rigorous, and up-to-date introduction to growth economics that presents
all the major growth paradigms and shows how they can be used to analyze the growth …

The benefits of new technologies accrue not only to high‐skilled labor but also to owners of
capital in the form of higher capital incomes. This increases inequality. To make this …

The question of whether higher–lifetime income households save a larger fraction of their
income was the subject of much debate in the 1950s and 1960s, and while not resolved, it …

We present a model of nonbalanced growth based on differences in factor proportions and
capital deepening. Capital deepening increases the relative output of the more capital …

I analyze an economy in which firms can undertake both labor‐and capital‐augmenting
technological improvements. In the long run, the economy resembles the standard growth …

Since the mid 1980s, research on economic growth has experienced a boom, beginning
with the work of Romer (1986). The new “endogenous growth” theories have focused on …

We build on the Maddison GDP data to assemble international time series from before 1914
on real per capita personal consumer expenditure, C. We also improve the GDP data in …