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Increasing the efficiency of utilization of working capital

โœ Scribed by A. I. Osipov


Publisher
Springer
Year
1972
Tongue
English
Weight
358 KB
Volume
8
Category
Article
ISSN
0009-2355

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Increasing returns, capital utilization,
โœ Jang-Ting Guo ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 499 KB

We show that a one-sector real business cycle model with mild increasing returns-to-scale, variable capital utilization and saddle-path stability is able to produce qualitatively realistic business cycles driven solely by disturbances to government purchases. Due to an endogenous increase in labor p