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"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption-based and production-based models into a single general equilibrium framework. Based on the theoretical nonlinear relationships that link interest rates to both the marginal rates of...
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measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where … augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate …. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible …
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