Some Macroeconomics for the 21st Century

Robert E. Lucas

Journal of Economic Perspectives, 2000, vol. 14, issue 1, pages 159-168

Abstract: This note describes a numerical simulation of a model of economic growth, a simplified version of Robert Tamura's (1996) model of world income dynamics, based on technology diffusion. The model makes predictions for trends in average world income growth and about the evolution of the relative income distribution that accord well with observation. The model is used to forecast the course of world income growth and income inequality over the century to come.

Date: 2000
View list of references View citations in EconPapers

Downloads: (external link)
http://www.e-jep.org/archive/1401/14010159.pdf (application/pdf)
Access to full text is restricted to AEA members.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:aea:jecper:v:14:y:2000:i:1:p:159-168

Ordering information: This journal article can be ordered from
http://www.aeaweb.org/subscribe.html

Access Statistics for this article

Journal of Economic Perspectives is edited by David Autor

More articles in Journal of Economic Perspectives from American Economic Association
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().