Learning Ability and Long-Run Growth
Learning and Shifts in Long-Run Growth
... through learning has profoundly different implications from immediate recognition for the economic effects of a shift in trend productivity ...through learning, we find that a permanent increase in the rate ...
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Long Run Policy Analysis and Long Run Growth
... In contrast with the model of Section II, this economy has transi- " As is shown in proposition 2 of the appendix to the working paper version of this research[r] ...
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Long-Run Growth Uncertainty
... hour) growth forecasts in these AL models will be constant, ...underlying growth path or trend from the cycle and assume agents have exact knowledge of the law of motion for the trend component of ...
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Patience and long-run growth
... spoken in the countries of our sample require speakers to mark future events as an instrument for patience. The economic impact of patience and growth is sizable. Our results suggest that increasing patience by ...
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Money and Long-run Growth
... = r l When the value of is set as 0; this equation systems reverts to the original form and corresponds to the exogenous l : When is positive and small enough to satisfy the parameter restriction on concavity, the ...
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Money and Long run Growth
... When the value of is set as 0; this equation systems reverts to the original form and corresponds to the exogenous l : When is positive and small enough to satisfy the parameter restriction on concavity, the hump-shaped ...
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Economic growth In the long run
... of growth rates of inputs and total factor productivity growth is not ...TFP growth, it does not automatically follow that input accumulation is not logically prior to TFP ...of growth are ...
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Economic growth In the long run
... of growth rates of inputs and total factor productivity growth is not ...TFP growth, it does not automatically follow that input accumulation is not logically prior to TFP ...of growth are ...
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Patience and long run growth
... spoken in the countries of our sample require speakers to mark future events as an instrument for patience. The economic impact of patience and growth is sizable. Our results suggest that increasing patience by ...
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Long Run Growth in Haiti
... very long-run growth dynamics raised in the introduction to this ...intertemporal growth model is a system of differential equations that presents what is known as a "two point boundary value ...
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Fin Inst and Long Run Growth
... added) demand for financial instruments and that where enterprise leads finance follows. Robert Lucas (1988) has also dismissed the finance-economic growth relationship stating that economists “badly over-stress” ...
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Economic Growth in the Very Long Run
... economic growth was characterized by a gradual increase in the importance of the accumulation of human capital relative to physical capital as well as with a sharp decline in fertility ...
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Fin Inst and Long run growth
... added) demand for financial instruments and that where enterprise leads finance follows. Robert Lucas (1988) has also dismissed the finance-economic growth relationship stating that economists “badly over-stress” ...
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Comparative Advantage and Long-Run Growth
... Proposition 1: Stronger relative demand for the final good of the country with comparative advantage in R&D lowers the long-run share of this country in the number of middle products[r] ...
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Technical Progress and Long Run Growth
... latter type of technical progress, that labour productivity and empluyment mu~t be able to increase at constant rates in the exist- ing vintages of the capital stock. b) In all vintage m[r] ...
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Inflation Crises and Long-Run Growth
... }(J1I2 cpuJqt- BOt!C bP!J!b BLocJe EL!AJU D!CW VJJ9U DLSGU JJJCO E!CPL 2iIJIGA E!CPCL VIIJ OJp.. M LQ LtCfIJ OL COUJUJUt2 j,LOW NK VUA GD11G NW KOPCLI BWiO CJ1jCO.[r] ...
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The spirit of capitalism and long-run growth
... that per capita consumption, per capita capital stock, saving rate and returns.. on capital are all equalized in steady state.[r] ...
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Inflation crises and long-run growth
... In the aggregate, we do not find that countries' growth is significantly lower (compared to either the world average or previous growth) during these milder inflation crises in between 2[r] ...
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'The spirit of capitalism' and long-run growth
... John Maynard Keynes (1971) develops the same idea in his statement of the 'psychology' of capitalist society.1 He says that 'Europe was so organised socially and economically as to secure the maximum accumulation of ...
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Money growth and inflation: how long is the long run?
... the long run is important for current ...money growth and inflation in the long run, then ignoring money growth in short-run policymaking poses a ...The long ...
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