Long-Run Policy Analysis and Long-Run Growth Sergio Rebelo The Journal of Political Economy, Vol. 99, No. 3. (Jun., 1991), pp. 500-521. Stable URL: http: //links. jstor. org/sici?sici=0022-3808%28199106%29993A3%3C500%3ALPAALG%3E2.0.CO%3B2-M The Journal of Political Economy is currently published by The University of Chicago Press Your use of the ISTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http: //www.jstor.org/about/terms. html. jstor's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles,and you may use content in the ISTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http: //www.jstor.org/journals/ucpress. html. Each copy of any part of a ISTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. ISTOR is an independent not-for-profit organization dedicated to creating and preserving a digital archive of scholarly journals. For more information regarding ISTOR, please contact support@jstor.org. http://www.jstor.org/ Mon Sep1800:38:072006