Secular Growth in Garrison's Model: A Comment
2017. Quarterly Journal of Austrian Economics. Vol. 40, No. 5, pp. 354-359
7 Pages Posted: 5 Dec 2017 Last revised: 15 Feb 2020
Date Written: November 20, 2017
I comment on the controversy around Garrison’s secular growth, with special emphasis in Murphy’s contribution in this issue. I also argue that further research on this area should focus in formally connecting Garrison’s model with neoclassical growth theory.
Keywords: Garrison's Model, Secular Growth, Solow Model
JEL Classification: E0, O0, B53
Suggested Citation: Suggested Citation