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We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is...
Persistent link: https://www.econbiz.de/10012473731
forces that lead to convergence over time in levels of per capita income and product? After considering predictions of closed …
Persistent link: https://www.econbiz.de/10012475612
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is...
Persistent link: https://www.econbiz.de/10012756001
Persistent link: https://www.econbiz.de/10013422138
forces that lead to convergence over time in levels of per capita income and product? After considering predictions of closed …
Persistent link: https://www.econbiz.de/10013229359