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This paper aims to fill a gap in the literature on capital formation in China by estimating the capital stock in four economic sectors: business, infrastructure, government, and housing. Such a breakdown is necessary for the purpose of analysis of economic development in China, as the normal...
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endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and … significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human … productivity growth that indicates that The Gambia was able to use its resources more efficiently …
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