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-producers emerged in Asia, Latin America as well as Southern and Central Europe. In addition, the automobile industries of Germany … differed considerably between Germany, Japan and the United States. Economic restructuring was least pronounced in the US …
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This paper analyzes the growth and employment effects of dynamic fiscal policies in an overlapping generations model with endogenous growth and imperfect labour markets. With balanced-budget policies, the modelled closed economy grows at a constant rate which is the higher, the lower are the...
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