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Finanzanlagen entwickelt und die neue Wachstumstheorie bearbeitet. …
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Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
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For various reasons ? empirical, technical and casual ? modern (neo-classical) growth theory has centered its attention … percentage to a pre-existing path. The deeper point is that once growth theory is freed of the need to generate exponential paths … and less by artificial convenience. If there is a general lesson for macroeconomic theory in these considerations, it is …
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