Browsing by Subject "Capital stock--United States"

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Browsing by Subject "Capital stock--United States"

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  • Whelan, Karl (Blackwell Publishing on behalf of the Ohio State University, 2003-08)
    The one-sector Solow-Ramsey model is the most popular model of long-run economic growth. This paper argues that a two-sector approach, in which technological progress in the production of durable goods exceeds that in the ...