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1. Basic laws of production -- 2. Classical growth models and homogeneity -- 3. Classical growth models and minimal factor rewards -- 4. Aggregate endogenous growth models -- 5. Neoclassical growth models -- 6. Keynesian growth models -- 7. Leontief technology and efficient factor utilization --...
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This paper analyzes and solves miniature Walrasian general equilibrium systems of momentary and moving equilibria. The Walrasian framework encompasses the fundamental neoclassical and classical two-sector growth models; the families of solutions of steady-state and persistent growth per capita...
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The paper studies autonomous dynamic systems that allow for the existence of economic growth per capita without dynamically generating explosive solutions. The implications of any degree of homogeneity, including increasing returns to scale in production, must be carefully examined in two and...
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