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Assessing the consequences of population on the pace and process of economic growth is one of the oldest themes in the literature on economics. These assessments have varied enormously over time, spanning the highly pessimistic to the outright optimistic. A systematic review of the major studies...
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This paper develops a model of growth in an economy where the capital stock is rationed across labor inputs, as in the dual, or segmented, labor market literature on developing economies. In this economy, the increased use of labor in the formal sectors can sustain high marginal and average...
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Maddison's international panel data show that technically it was the faster growth rate of the US economy that led to its overtaking the UK as economic superpower. We explore the contributing factors. Identifying the land-grant colleges system triggered by the 1862/1890 Morrill Acts (MAs) as a...
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