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Assessing Dynamic Efficiency: Theory and Evidence

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NBER1986-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2097
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The issue of dynamic efficiency is central to analyses of capital accumulation and economic growth. Yet the question of what operating characteristics of an economy subject to productivity shocks should be examined to determine whether or not it is efficient has not been resolved. This paper
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1986-12-01
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