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should be nonzero (zero) for endogenous (exogenous) growth models. In our estimation, we use time series data spanning up to …
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should be nonzero (zero) for endogenous (exogenous) growth models. In our estimation we use time series data spanning up to …
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A number of recent studies suggest that flat rate taxes may have important effects on long-run growth in the neoclassical growth model with human capital. In contrast to the traditional human capital literature, these studies assume that agents are infinitely lived and face constant returns in...
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