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. Developing economies may adopt a strategy of unbalanced growth to rectify previous investment decisions, as put forward by economist Albert O. Hirschman.
In microbiology, the state of balanced-growth means "every extensive property of the growing system increases by the same factor over a time interval".[1] It is ideal for performing experiments because all bacteria are at about the same state (as opposed to stationary phase, for example, where some cells are alive and others are dead). Machines like chemostats can be used to culture bacteria and keep them in a state of balanced-growth for long-term experiments.
Balance Growth refers to a specific type of economic growth that is sustainable in the long term. Balance Growth is opposed to the boom and bust nature of economic cycles.
According to Alak Ghosh, " Planning with balanced growth indicates that all sectors of the economy will expand in same proportion, so that consumption, investment and income will grow at the same rates. It stresses that the balanced growth can occur when the growth rates of the consumption, investment and income are equal to each other".
According to W. A. Lewis," In development programmes, all sectors of economy should grow simultaneously so as to keep a proper balance between industry and agriculture and between production for home consumption and. Production for exports. The truth is that all sectors should be expanded simultaneously.
balanced, growth, equilibrium, macroeconomics, balanced, growth, path, dynamic, model, trajectory, such, that, variables, grow, constant, rate, standard, exogenous, growth, model, balanced, growth, basic, assumption, while, other, variables, like, capital, sto. 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 Developing economies may adopt a strategy of unbalanced growth to rectify previous investment decisions as put forward by economist Albert O Hirschman In microbiology the state of balanced growth means every extensive property of the growing system increases by the same factor over a time interval 1 It is ideal for performing experiments because all bacteria are at about the same state as opposed to stationary phase for example where some cells are alive and others are dead Machines like chemostats can be used to culture bacteria and keep them in a state of balanced growth for long term experiments Balance Growth refers to a specific type of economic growth that is sustainable in the long term Balance Growth is opposed to the boom and bust nature of economic cycles According to Alak Ghosh Planning with balanced growth indicates that all sectors of the economy will expand in same proportion so that consumption investment and income will grow at the same rates It stresses that the balanced growth can occur when the growth rates of the consumption investment and income are equal to each other According to W A Lewis In development programmes all sectors of economy should grow simultaneously so as to keep a proper balance between industry and agriculture and between production for home consumption and Production for exports The truth is that all sectors should be expanded simultaneously See also editSteady state economy Nurkse s Balanced Growth economic theoryReferences edit Campbell Allan 1957 12 01 SYNCHRONIZATION OF CELL DIVISION Bacteriological Reviews 21 4 263 PMC 180914 PMID 13488884 Delong Brad Growth An Introduction PDF Lecture Notes Kehoe Tim Balanced Growth PDF Lecture Notes Gandolfo Giancarlo 1996 The neoclassical growth model Economic Dynamics Third ed Berlin Springer pp 175 189 ISBN 3 540 60988 1 nbsp This article related to macroeconomics is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Balanced growth equilibrium amp oldid 1091580915, wikipedia, wiki, book, books, library,
