Construct · 1 fields · 1 citations

dynamic inefficiency: a standalone construct

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

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Economic growth

an economy holding more capital than the golden rule level, so that reducing capital could raise consumption for every generation.

In economic growth, dynamic inefficiency refers to an economy holding more capital than the golden rule level, so that reducing capital could raise consumption for every generation. This meaning comes from Abel (1989) in The Review of Economic Studies.[1]

Unit
Recovery means
Measured by

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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs generation2 fields · 4 citationsjingle · one word, two constructs

References

Abel, A. B., Mankiw, N. G., Summers, L. H., & Zeckhauser, R. J. (1989). Assessing Dynamic Efficiency: Theory and Evidence. The Review of Economic Studies, 56(1), 1-19. https://doi.org/10.2307/2297746

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