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Growth accounting with intermediate inputs and the transmission of technical change

✍ Scribed by Moshe Syrquin

Book ID
116124076
Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
318 KB
Volume
26
Category
Article
ISSN
0304-3878

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This paper presents a model of optimal economic growth with exogenous technical change that is embodied in people. That is, newly invented techniques can be used only if the production unit engages labour that has been trained to produce according to this new technique. The model illustrates the neg