Balanced-growth equilibrium
STEADY STATE SOLUTION FOR SOME ECONOMIC GROWTH MODELS
Balanced growth path; Balanced Growth; Balanced-growth path
In macroeconomics, the balanced-growth path of a dynamic model is a trajectory such that all variables grow at a constant rate. In the standard exogenous growth model, balanced growth is a basic assumption, while other variables like the capital stock, real GDP, and output per worker are growing.