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The top documents tagged [growth rate of y]
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©2012 The McGraw-Hill Companies, All Rights Reserved 1 Chapter 20: Short-term Economic Fluctuations
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Technological Progress and the Production Function AN = Effective Labor = Labor in Efficiency Units Assuming: Constant returns to scale Given state of
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Harrod-Domar Model introduction We owe the modern theory of growth to the economist Roy Harrod with his article An Essay in Dynamic Theory (1939), inspired
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Technological Progress and the Production Function
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EC404 Lecture2
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