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Growth, Trade, Globalization

  • Giancarlo Gandolfo
Chapter

Abstract

Equilibrium growth in the basic neoclassical growth model is exogenous: the steady state path, in fact, depends on factors such as the rate of growth of the labour force and technical progress. Both are exogenous: the labour force grows according to exogenous demographic factors, and technical progress is no more than an exogenous time trend.

Keywords

Transport Cost Endogenous Growth Technical Progress Intermediate Good Integrate Framework 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • Giancarlo Gandolfo
    • 1
  1. 1.Faculty of EconomicsUniversity of Rome La SapienzaRomaItaly

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