Education, Research and Other Unidentified Factors in Growth
The assumption: ceteris paribus is, indeed, a necessary prerequisite for any theory that aims at explaining certain specific characteristics of an economic system. Without this assumption the theoretical tools cannot be sharpened. Without it, economics deteriorates to a descriptive or institutional science incapable of explaining economic development.
KeywordsTechnical Knowledge Marginal Return Main Innovation Unidentified Factor Real Capital
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