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GDP growth when oil income runs low or when oil resources are depleted. This paper attempts to appraise the efficiency of … in factor inputs and their contribution to GDP growth in Oman. Secondly, it applies a permanent income model to elaborate … observed that technology and improvement in efficiency induced GDP growth in Oman during the 1988-2007 period. For a higher …
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target level of GDP is also tested. The results of this dynamic model also support the positive impacts of democracy on …
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target level of GDP is also tested. The results of this dynamic model also support the positive impacts of democracy on …
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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
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