Endogenous Growth and the role of History
收藏NBER1989-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3151
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资源简介：
This paper presents a model in which the realizations of stochastic tax and depreciation rates determine both the level and growth rate of output: externalities to investment - learning by watching - are characterized by diminishing returns, yielding a nonlinear "technical progress function". This
提供机构：
美国国家经济研究局
创建时间：
1989-10-01
