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The aim of this paper is to call attention on some writings of the early 1930s by D.H. Robertson and J.R. Hicks. These writings present, with a clarity not easily found elsewhere, the two reasons why marginalist economist, who till the last three decades normally treated capital as a single...
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the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical … theories of growth are based on an error in measurement. A possible policy implication is lower taxation of capital income, but …
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A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
sector. Firm-level evidence shows that the growth in graduate employment is due almost entirely to a �within� firm … productivity growth. This suggests that increasing the workforce�s level of educational attainment is crucial to overcome the …
Persistent link: https://www.econbiz.de/10009386399
The paper addresses the issue of dynamic relationships between environment, health and growth. Its aim is to show that … improvement, due to sanitation and health infrastructures, possible because of income growth, leads to a better health, followed …, when pollution, generated by a growth too fast, becomes widespread by a worsening of health conditions, coming finally to …
Persistent link: https://www.econbiz.de/10009649947