A Framework for Economic Growth with Capital-Embodied Technical Change
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https://www.nber.org/papers/w30459
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资源简介:
Technological advance is often embodied in capital inputs. This paper develops a model where capital innovations occur on two margins: (1) vertically, where a capital input becomes more productive at a given task; and (2) horizontally, where a capital input replaces labor at a given task. These two
提供机构:
美国国家经济研究局
创建时间:
2022-09-01



