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This paper offers a theory of development that links the degree of market incompleteness to capital accumulation and …
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Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired investment, leading to secular stagnation. We...
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Medical and public health innovations in the 1940s quickly resulted in significant health improvements around the world …
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