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Neoclassical vs. Endogenous Growth Analysis: An Overview

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NBER1996-11-01 更新2025-01-04 收录
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This paper begins with an exposition of neoclassical growth theory, including several analytical results such as the distinction between golden-rule and optimal steady states. Next it emphasizes that the neoclassical approach fails to provide any explanation of steady-state growth in per capita

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1996-11-01
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