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development quest. The sample includes seven developing countries—Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil —all … industrialization only played a significant role in Vietnam …
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development quest. The sample includes Brazil, India, Vietnam and four African countries -- Botswana, Ghana, Nigeria, and Zambia … industrialization only played a significant role in Vietnam …
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development quest. The sample includes Brazil, India, Vietnam and four African countries-Botswana, Ghana, Nigeria, and Zambia … industrialization only played a significant role in Vietnam …
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development quest. The sample includes seven developing countries--Botswana, Ghana, Nigeria, Zambia, India, Vietnam and Brazil … industrialization only played a significant role in Vietnam …
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implies constant returns to capital and, thus, an AK production side of the economy, positive long-run growth does not emerge …
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We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...
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