Showing 1 - 2 of 2
We assert that the endowments of production factors cause cross-country differences in GDP by generating disparities in the sectoral composition. We characterize the dynamic equilibrium of a two-sector endogenous growth model with several consumption goods that are subject to minimum consumption...
Persistent link: https://www.econbiz.de/10008864793
Persistent link: https://www.econbiz.de/10005229678