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A RECONSIDERATION OF THE NEOCLASSICAL THEORY OF ECONOMIC GROWTH

open access: yesA RECONSIDERATION OF THE NEOCLASSICAL THEORY OF ECONOMIC GROWTH
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Chapter 9 Neoclassical growth theory

Handbook of Macroeconomics, 1999
Abstract This chapter is an exposition, rather than a survey, of the one-sector neoclassical growth model. It describes how the model is constructed as a simplified description of the real side of a growing capitalist economy that happens to be free of fluctuations in aggregate demand.
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Neoclassical Growth Theory

2015
This chapter discusses the one-sector neoclassical growth model—the foundation for all the growth theory in the book. The primary focus of the chapter is growth via capital accumulation. We think of capital as man-made durable inputs to the production process. The first type of capital we include is physical capital.
Sibabrata Das   +2 more
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