On the mechanics of economic development
Tipo de material: TextoSeries Journal of Monetary Economics ; n. 1Detalles de publicación: University of Rochester. Graduate School of Business Administration and Department of Economics; Rochester; July 1988Descripción: pp. 3-42 grafs., tblTema(s): Clasificación CDD:- H 57965 n. 1, 1988
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This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphazing physical capital acumulation and technological change, a model emphasizig physical capital accumulation through schooling and a model emphasizing specialized human capital accumulation through learning-by-doing.
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