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We incorporate a variable elasticity of substitution production function into an overlapping generations model à la Diamond (1965). We show that a certain parameter in the production function is a source of biased technical change is a crucial determinant of the economy's growth dynamics. For...
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This paper constructs a multisectoral general equilibrium growth model based on Marshallian externalities. Using … homogenous accumulation and production functions, an analytical solution is derived. Making use of the theory of nonnegative …
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