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size and specialization of firms and the pattern of interfirm trade. Endogenous growth is driven by capital accumulation …
Persistent link: https://www.econbiz.de/10005547940
The paper develops a dynamic, general equilibrium model of specialization-driven growth in which the private cost of … coordinating among specialists is a function of public expenditure on physical and institutional infrastructure. Growth is … growth, the secular rise of government's share of output, in terms of the economic role of the government. …
Persistent link: https://www.econbiz.de/10005547942