CAPITAL AND GROWTH
This paper develops and discusses a neoclassical growth model with two inputs: physical capital stock and combined stock of human and intellectual capital. The production process is subject to diminishing returns to capital in perfect markets, in sharp contrast to new endogenous growth models that...
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| Format: | Article |
| Language: | Indonesian |
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Bank Indonesia
2021-06-01
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| Series: | Bulletin Ekonomi Moneter dan Perbankan |
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| Online Access: | https://www.bmeb-bi.org/index.php/BEMP/article/view/1437 |