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This paper proposes a neoclassical growth model of a small open economy, connecting international trade to real GDP growth and structural transformation from agriculture to non-agriculture. The calibrated model generates 'growth miracles,' to which the contributors are learning by doing and...
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neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many …
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growth; and how does urban growth intersect with, or even define national economic growth? In growth theory, endogenous … investment in communications and transport infrastructure affect the shape of the urban system. A final set of questions has to …
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