Kancs, D'Artis (contributor); Ciaian, Pavel (contributor) - 2007
determines economic
growth. This view is a central part of many endogenous growth models, and it goes
back at least as far as …-classical growth model of Solow
(1956). Second, the model exhibits constant returns to all three factors (Z, LH and
KLU) and, because … + < 1, diminishing returns to the two reproducible factors (Z
and LH). As a result, because the marginal product of human …