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differences between national or regional productivity growth rates, when there are constant static returns to scale in production … account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an …
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differences between national or regional productivity growth rates, when there are constant static returns to scale in production … account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an …
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With this paper our objective is to study the effects of different deficit policies in an endogenous growth model with publicly funded human capital accumulation and public debt, where we allow for heterogeneous households. Two types of households are considered. One household acquires human...
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