Benhabib, Jess (contributor); Spiegel, Mark (contributor) - 2002 - [Elektronische Ressource]
guarantee of convergence in per capita income, as nations must also be
successful in attracting physical capital to achieve the … keep
up, growth rates will diverge, and the income ratio of the follower to the leader
will go to zero.
This highlights the … through imita-
tion, and the RHS is income minus consumption minus the cost of operating the
existing intermediate goods …