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Industrial capital stock - PowerPoint PPT Presentation

A summary by Bob Allen Nuffield College 2005

A summary by Bob Allen Nuffield College 2005. This book undertakes a reassessment of Soviet economic history:. What institutions and policies worked? Which failed? Why? What lessons does Soviet history have to teach?. The reassessment is based on three axes:.

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ENDOGENOUS GROWTH THEORIES

ENDOGENOUS GROWTH THEORIES. Chapter 8 Cypher & Dietz. Neoclassical Growth Models: the Solow Growth Model. Y(t) =A(t)K(t) 1-a L(t) a where 0 < a < 1; in a perfectly competitive setting where each factor input is entitled to a return equal to its own marginal product,

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1.22k views • 14 slides

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Industrial capital stock - PowerPoint PPT Presentation

A summary by Bob Allen Nuffield College 2005

ENDOGENOUS GROWTH THEORIES