Das, Ramesh Chandra - In: Economies : open access journal 13 (2025) 2, pp. 1-29
productivity of capital, as has been in the neoclassical growth model with exogenous technological progress, and the applicability … economies, has nullified the applicability of the neoclassical growth model and justified non-steady state positive per capita …. With the theoretical setup of the model and using empirical tools, such as cointegration, error correction and causality in …