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Persistent link: https://www.econbiz.de/10000939332
This paper analyzes how population and product market competition may interact with each other in affecting the pace of … of households’ intertemporal utility and whether product market competition (measured by the elasticity of substitution … product market competition/monopoly power can be complementary factors in economic growth. …
Persistent link: https://www.econbiz.de/10009324477
This paper puts forth a unified theory of growth that captures a number of relevant features of countries transitions from stagnant, predominantly rural economies to vibrant, industrialized economies that have been overlooked by the literature. In our theory, increasing variety of consumer goods...
Persistent link: https://www.econbiz.de/10008472060