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Existing literature repeatedly documented a strong correlation between trade and growth. It has also shown a causal effect of imports (though not necessarily exports) on growth in simultaneous equation models but to a lesser extent in Granger-causality tests. Export and import taxes have...
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This book deals with international growth, featuring the dynamics of foreign debt and domestic capital. It proves useful to consider the Solow model, the overlapping generations model and the infinite horizon model. Phase diagrams serve to trace out the processes of adjustment induced by various...
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Dependent Consumer Preferences -- 5 Demand Theory without a Utility Index -- 6 On the Existence of General Equilibrium for a … Specialization in Production and the Production Possibility Locus -- 15 Matrices with Dominant Diagonals and Economic Theory -- 16 … -- 23 A New Route to the Turnpike -- 24 A Primal Route to the Turnpike and Liapounov Stability -- 25 Turnpike Theory …
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