Barañano Mentxaka, Ilaski; Romero-Avila, Diego - Departamento de Fundamentos del Análisis Económico I, … - 2013
Previous research has shown a strong positive correlation between short-term persistence and long-term output growth as well as between depreciation rates and long-term output growth. This evidence, therefore, contradicts the standard predictions from traditional neoclassical or AK-type growth...