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accumulation. This process is characterized by a gradually rising investment rate along with a moderate rate of return to capital … declining investment rate with an extremely high return to capital. We show that minor modifications of the neoclassical model …
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Overview -- Overlapping-Generations Model of Economic Growth -- Fiscal Policy -- Schooling and Fertility -- A Complete One-Sector Neoclassical Growth Model -- Two Sector Growth Models -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual Economy --...
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