Capital Mobility, Fiscal Policy and Growth under Self-Financing of Human Capital Formation
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This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analyzed. We
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美国国家经济研究局创建时间：
1995-05-01
