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over the same period as specified in the related theory, namely: capital intensity, relative prices of labor and capital …
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consistent with any theory of the determination of utilization. Third, based on data on the lifetime of fixed assets it shows …
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We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …
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We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....
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