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Supply multipliers in a centrally planned economy with a private sector

✍ Scribed by Paul Hare


Publisher
Springer US
Year
1987
Tongue
English
Weight
520 KB
Volume
21
Category
Article
ISSN
1573-9414

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We provide a theoretical treatment of temporal aggregation in models that exhibit long-term endogenously generated steady growth; hence generalizing our previous analysis [Econometrica 62 (1994), 635}656]. We introduce the property of steady growth invariance \* that the long-term growth of the cont