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As a newly emerging factor, data has been widely utilized in producing goods and services, and the nonbalanced growth … utilization within and across sectors can spur new ideas and promote technological innovation. We provide a novel growth model … shows that faster growth of output occurs in the more data-intensive sector and the high-level skill premium persists as the …
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level, growth is not so important and so necessary as in any other financial situation …
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neutral technical progress in both the post-Keynesian and the neoclassical-Keynesian endogenous growth models. The paper …
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The paper develops a two-sector model of economic growth, using agriculture and industry. The distinguishing feature in …-agricultural sectors imposes a constraint on the overall growth process of the economy. Using the two-sector Kaldorian framework, we … transfers in this setup. We characterize the balanced growth path for such an economy in the long run using two scenarios: a …
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