Parente, Stephen L.; Prescott, Edward C. - 2004
neoclassical growth theory of modern
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economic growth. It then concludes with a review of how Hansen and Prescott (2002 …-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies
and shows that the unified theory … regular with income doubling every 35 years in these countries—a
phenomenon Kuznets (1966) labels modern economic growth …