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Are Nonconvexities Important For Understanding Growth?

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NBER1990-02-01 更新2025-01-04 收录
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Everyday experience and a simple logical argument show that nonconvexities are essential for understanding growth. Compared to previous statements of this well known argument, the presentation here places more emphasis on the distinction between two of the fundamental attributes of any economic good

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1990-02-01
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