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Persistent link: https://www.econbiz.de/10000057055
The growth rate of output per worker in the U.S. declined sharply during the 1970's. A leading explanation of this phenomenon holds that the dramatic rise in energy prices during the 1970's caused a significant portion of the U.S. capital stock to become obsolete. This led to a decline in...
Persistent link: https://www.econbiz.de/10013217949
Persistent link: https://www.econbiz.de/10000759875
The growth rate of output per worker in the U.S. declined sharply during the 1970's. A leading explanation of this phenomenon holds that the dramatic rise in energy prices during the 1970's caused a significant portion of the U.S. capital stock to become obsolete. This led to a decline in...
Persistent link: https://www.econbiz.de/10012476664