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Page 1: Solow’s strategy

INTERNATIONAL R&D SPILLOVERS ANDfs2.american.edu/wgp/www/econ_inq95.pdfThe model used in this paper builds on Solow’s l19571 approach but modifies it so that the total factor productivity

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associacaokeynesianabrasileira.files.wordpress.com€¦ · Web viewIn Solow’s seminal work (1957) technological change increases output while leaving the marginal productivity of

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