The empirical foundation of the golden rule

  • Víctor Elías

Abstract

This paper analizes with cross-sectional data if the Golden Rule condition satisfies: where the saving index is equal to capital (beta) or to the real interest rate, equal to the gross output growth of households.
Keywords Development, efficiency, welfare
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How to Cite
Elías, V. (2016). The empirical foundation of the golden rule. Estudios de Economía, 28(1), pp. 79-88. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/40791/43553
Section
Articles
Published
2016-05-04