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long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to … certain conditions, also to a lower capital-labor ratio, lower productivity and lower wages. …
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long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to … certain conditions, also to a lower capital-labor ratio, lower productivity and lower wages …
Persistent link: https://www.econbiz.de/10012776857
long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to … certain conditions, also to a lower capital-labor ratio, lower productivity and lower wages …
Persistent link: https://www.econbiz.de/10012465517
long-run effect on the interest rate, the capital-labor ratio, and labor productivity, while it increases work hours due to … certain conditions, also to a lower capital-labor ratio, lower productivity and lower wages …
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neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
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