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-1970), and information technology (1971-), and That organization capital tends to grow fastest during the second half of a …
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explanations are: 1. Productivity slowed down because the implementation of information technologies was both costly and slow. 2 …
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We reexamine several bodies of data on the growth of output, labor, and capital, within the context of a model that admits the possibility of an externality to the capital input. The model is an augmented version of Paul Romer's (1987) reformulation of the Solow model. Unlike Romer, however, we...
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