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of the German Council of Economic Advisors (2003) and analyze its implications on capital formation, investment and … welfare using a dynamic computable general equilibrium model. The main features of the model are an intertemporal investment …
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of the German Council of Economic Advisors (2003) and analyze its implications on capital formation, investment and … welfare using a dynamic computable general equilibrium model. The main features of the model are an intertemporal investment …
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welfare and growth are identified by estimating their effects on investment in both physical and human capital and overall … productivity. Basic human rights have indeed a positive effect on investment, but do not seem to contribute to productivity. Social … or emancipatory rights, in turn, are not conducive to investment in physical capital but do contribute to productivity …
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