0 used to describe shares, bonds, etc. that increase quickly in value:
Investors are keen on these high-growth technology stocks.
1 used to describe a company, economy, etc. that is increasing quickly in size:
However, investment switched to a high-growth phase in the period before the 1981 recession.
Finally, we compare the welfare level of the low-growth steady state with that of the high-growth steady state.
The two growth-related components of inequality dynamics, that is, composition and income-gap dynamics, explain virtually all changes in income inequality during the high-growth era.
Two high-growth-rate instabilities are predicted by the seventh-degree polynomial equation for this regime.
Regardless of the initial conditions, evolutionary economies eventually take off and reach the high-growth steady state that is the globally stable equilibrium under these dynamics.
This gives further support to our claim that the high-growth steady state is the relevant one. 13.
Then the welfare level in the high-growth steady state is higher than that in the low-growth steady state.
If the government raises its target level of government bonds, the growth rate decreases in the high-growth equilibrium.
