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. Otherwise, there exists a stable balanced growth path in which the two types of innovations go hand-in-hand. Stability is a …
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. Otherwise, there exists a stable balanced growth path in which the two types of innovations go hand-in-hand. Stability is a …
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. Otherwise, there exists a stable balanced growth path in which the two types of innovations go hand-in-hand. Stability is a …
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. I then offer an endogenous growth model with a menu of technologies where equilibrium involves choices over both the … extent of automation and the rate of growth of labor-augmenting productivity. In this framework, capital accumulation and … technological change in the long run are associated with wage growth, but an increase in the saving rate increases the extent of …
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