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with a low effective cost of capital based on optimism about the future availability of funds for investment. The key to …
Persistent link: https://www.econbiz.de/10012468175
for investment. The key to the sustainability of such equilibrium is feedback from increased growth to an increase in the …
Persistent link: https://www.econbiz.de/10012469322
products and processes when investment is sunk, is a core mechanism of development. Obstacles to this process are likely to be …
Persistent link: https://www.econbiz.de/10012470894
A central determinant of the political economy of capital-labor relations is the appropriability of specific quasi-rents. " This paper is concerned with the general-equilibrium interaction of appropriability and characteristics of technology namely, the embodiment of technology in capital and...
Persistent link: https://www.econbiz.de/10012472590