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Endogenous Growth and the role of History

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NBER1989-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3151
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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
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1989-10-01
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