Construct · 1 fields · 1 citations

AK model: a standalone construct

One name. One construct. A landmark on the map.

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Economic growth

an endogenous growth model with constant returns to a broad capital aggregate, so policy can permanently change the long-run growth rate.

In economic growth, AK model refers to an endogenous growth model with constant returns to a broad capital aggregate, so policy can permanently change the long-run growth rate. This meaning comes from Rebelo (1991) in Journal of Political Economy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

aggregate3 fields · 6 citationsjingle · one word, three constructs capital2 fields · 3 citationsjingle · one word, two constructs constant2 fields · 2 citationsjingle · one word, two constructs

References

Rebelo, S. (1991). Long-Run Policy Analysis and Long-Run Growth. Journal of Political Economy, 99(3), 500-521. https://doi.org/10.1086/261764

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