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to a "climate catastrophe" by determining unbounded growth, which - without incentives to invest in green technology …
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Externalities play a central role in most theories of economic growth. We argue that international externalities, in … have international knowledge externalities. When calibrated, the hybrid model does a surprisingly good job of generating … realistic dispersion of income levels with modest barriers to technology adoption. Human capital and physical capital contribute …
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So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
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