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factor-specificproductive external effects arising from average capital and labor. First, we show that indeterminacy cannot … indeterminacy under small externalities and plausible restrictions on the main parameters. Third, we show that the existence of …
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Empirical evidences tell us that in the recent years the expansion period is increased with reduction of the contraction period in the U.S. business cycles. Moreover, the business cycles in the United States also show the trend to be moderated with recent economic growth induced and supported by...
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