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, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …
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model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …
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model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for …
Persistent link: https://www.econbiz.de/10003380217
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This paper analyzes the link between growth and public policy when the latter depends on economically important fundamentals. When policy is endogenous the measured effects of policy on growth will generally be biased. Using a widely quoted theoretical model, the signs of the biases are derived....
Persistent link: https://www.econbiz.de/10002510137
Growth opportunity bias (GOB), measured as the difference between market and fundamental values of a firm's growth …
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