On Pareto Optimal Criterion for Long-Term Economic Growth

Jin-she He (hejs@zzia.edu.cn)
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Jin-she He: Zhengzhou Institute of Aeronautical Industry Management

Chapter Chapter 105 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 1003-1008 from Springer

Abstract: Abstract Beveridge curve, Phillips Curve, Okun’s Law are “Curve Criterions” to estimate whether the economy is running well. Thus, some of them are based on Long-term analysis and some on Short-term. The problem is that they are all “Statistical Criterions”, relying on a certain country’s or region’s own economic practice, and they don’t have that much instructional significance to others. Based on Pareto Optimality, this essay presents an optimal theoretical criterion for Long-term economic growth, which can be applied to the economic practice in any country or region.

Keywords: Engel coefficient; Long-term economic growth; Pareto optimality; Proportion structure; Theoretical criterion (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38427-1_105

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DOI: 10.1007/978-3-642-38427-1_105

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