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  • Search: subject:"the rise and fall of nations"
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decadence 1 learning by doing 1 overstretch 1 saddle path equilibrium 1 the rise and fall of nations 1
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Kim, Yong Jin 1
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Decadence and Military Overstretch: Modeling the Dynamics of National Decline
Kim, Yong Jin - 2025
The paper presents a theoretical model and its simulation to explore the process of the fall of nations by focusing on moral and cultural decline, as well as military overstretch. In the model, a representative agent divides his time among military spending, material production, the consumption...
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