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Cobb-Douglas function 1 Harrod-Domar model 1 Uzawa capital intensity condition 1 Uzawa classical hypothesis 1 Uzawa theorem 1 accounting identity 1 aggregation problems 1 business cycle 1 neoclassical theorem 1 path-dependent equilibria 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
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Yashin, Pete 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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MPRA Paper 1
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The Golden Rule of Capital Accumulation and Global Recession. Aggregate Production Function and the Cambridge Capital Controversy.
Yashin, Pete - Volkswirtschaftliche Fakultät, … - 2014
A new macroeconomic model is presented, which makes it possible to take a fresh look both at the long-term equilibrium growth process and at short-term deviations from it. Its key hypothesis is investment-to-profits equality. This hypothesis has classical roots and corresponds to the Ricardian...
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