Technology Induced Cycles in Centrally Directed Economies with Stable Price Level
نویسنده
چکیده
In the mid-1980s the attention of economists has been directed again to problems of economic growth. Traditional Solovian growth theory based on the important role of investment has been implied a convergence of economies of different levels of development. But exactly this was unobservable in reality; on the contrary: differences between highly developed countries and those of the so-called third world have been increased during the last decades.
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