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-lived households in an economy with constant aggregate income and public information. Households are segmented into cash agents, who …
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–adjusted equity yields across sectors. Economy–wide factor productivity and the aggregate growth rate are both negatively correlated …
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This paper considers the impact of leisure preference and leisure externalities on growth and labor supply in a Lucas [12] type model, as in Gómez [7], with a separable non-homothetic utility and the assumption that physical and human capital are both necessary inputs in both the goods and the...
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