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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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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 …
Persistent link: https://www.econbiz.de/10002856378