r minus g

Robert Barro
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Robert Barro: American Enterprise Institute

AEI Economics Working Papers from American Enterprise Institute

Abstract: Long-term data show that the dynamic efficiency condition r>g holds when g is represented by the average growth rate of real GDP if r is the average real rate of return on equity, E(re ), but not if r is the risk-free rate, rf .

Keywords: Economic Growth; Economic Risk; Economics; Gross Domestic Product (GDP) (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-gro and nep-mac
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Citations: View citations in EconPapers (14)

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