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productivity of capital. It is shown that, if the savings rate and also the distribution of income between wage and profit are … constant, the ratio mentioned remains constant or increases if the average productivity of capital respectively does not change … capital fluctuate within certain limits over a sufficiently large number of production cycles. In each case, the number of …
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This book analyses the development challenge faced by Latin America at a time at which the concerns for the large inequality in the region are at a peak. This volume focuses on growth-with-equity, and is written by an outstanding group of Latin American and international researchers and...
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