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This paper begins with an exposition of neoclassical growth theory, including several analytical results such as the …
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We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is...
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This work seeks to answer the "population question," i.e. the effect of population growth on production per capita. This question has lingered in economic thought for centuries and to this day two general lines of thought can be identified, which might be marked as the "optimist" and the...
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This paper begins with an exposition of neoclassical growth theory, including several analytical results such as the …
Persistent link: https://www.econbiz.de/10012472984