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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 … to increase reduces followers' growth rate and thereby generates a pattern of conditional convergence. We discuss how …
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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 … to increase reduces followers' growth rate and thereby generates a pattern of conditional convergence. We discuss how …
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