Increasing Returns and Long-Run Growth Paul M. Romer The ...

long-run equilibrium position from A to C. At the new long-run equilibrium the capital stock and traded sector employment will be lower to make the non ...







Necessity of Rational Asset Price Bubbles in Two-Sector Growth ...
All points on it which lie inside the locus imply growth, that is, investment exceeding the steady-state requirement, while all points lying outside it imply.
Contractionary effects of stabilization and long run growth
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