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This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012429376
This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012835343
This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012871740
This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...
Persistent link: https://www.econbiz.de/10012118296
attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10010286527
attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived … transitional and a developing economy. -- China ; Identity ; Investment ; Neoclassical Model ; Total Factor Productivity Growth …
Persistent link: https://www.econbiz.de/10008759406
attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10013135132
attempt at modeling investment. We identify their shortcomings and the problems with the alleged policy implications derived …
Persistent link: https://www.econbiz.de/10008752532
This paper explores the degree of structural change of the Philippine economy using the inputoutput framework. It examines how linkages among economic sectors evolved over 1979–2000, and identifies which economic sectors exhibited the highest intersectoral linkages. We find that manufacturing...
Persistent link: https://www.econbiz.de/10008758833
Purpose – The purpose of this paper is to evaluate the degree of structural change of the Philippine economy and examine how linkages among sectors evolved during 1979-2000. Design/methodology/approach – The authors use the input-output tables of the Philippines to draw the economic...
Persistent link: https://www.econbiz.de/10009643840