Quality Change in Capital Goods and Its Impact on Economic Growth
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This paper argues that productivity puzzles like the Solow Paradox arise, in part, from the omission of an important dimension of the debate: the resource cost of achieving a given rate of technical change. A remedy is proposed in which a new parameter, defined as the cost elasticity of producing
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美国国家经济研究局创建时间：
1996-05-01
