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Economic Growth in a Cross Section of Countries

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NBER1989-09-01 更新2025-01-04 收录
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In neoclassical growth models with diminishing returns to capital, a country's per capita growth rate tends to be inversely related to its initial level of income per person. This convergence hypothesis seems to be inconsistent with the cross-country evidence, which indicates that per capita growth

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1989-09-01
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