Openness, Human Development, and Fiscal Policies : Effectson Economic Growth and Speed of Adjustment /
The model developed here postulates that learning through experience plays a critical role in raising labor productivity over time, with three major consequences. First, the steady-state growth rate (of output) becomes endogenous and is influenced by government policies. Second, the speed of adjustm...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1993.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1993/059 |
| Online adgang: | Full text available on IMF |