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In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may...
Persistent link: https://www.econbiz.de/10012555264
In the decade leading to the recent commodity boom, which peaked in 2007-08, several resource-rich, low-income countries displayed high rates of gross domestic product (GDP) growth while social indicators did not improve significantly. It is well known that, in itself, the widely tracked GDP may...
Persistent link: https://www.econbiz.de/10012556176
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utility of income. As such , it is seen differently by people with different utility of income functions. A growth rate in U … year - when the utility of income function is sufficiently concave. Strengths, weaknesses and implicit assumptions of the …
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is the Hamiltonian that equals a constant-equivalent utility stream and we argue that, as the Hamiltonian is typically a …
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implications for the measurement of productivity. Between 1999 and 2021, "physical" productivity cumulative growth in the Finance …
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