We present a simple production technology in which the choice of production technique results in a balanced growth path even in the presence of capital-augmenting technical progress. Given a particular choice of technique, the production function is CES with a less than unitary elasticity of...

Most economic theory on long-run growth is organized around the concept of balanced growth. On a balanced growth path, all economic variables grow at constant but possibly different rates. The concept of balanced growth paths is usually motivated by the "stylized facts" of growth, which state...

The dynamics of macroeconomic outcomes manifests on short and long periods. Analysis of economic growth is carried out for long periods of time to eliminate the effects of cyclical expansion within short periods of time. The study of economic growth process can be performed using the production...

As a newly emerging factor, data has been widely utilized in producing goods and services, and the nonbalanced growth between digital industries and non-digital industries is significant in recent years. In the digital economy, data has two unique features. One is the fact that data in one...

This is an introduction to firm's financial sustainability new ideas beyond the environmental sustainability concerns, based on a principle: balance and a method: interaction. It is specifically addressed to the interaction between the two kinds of financial policies: short-term financial policy...