... the growth rate-based on closed-economy analysis - should be modified in view of the preponderance of industrial inputs without perfect domestic substitutes in modern trade. ... Thus, the closed economy is defined to have the same rates of returns to scale, p, technical progress, v, and labour growth, X, ... Then the a#39;autarkica#39; long-run growth rate, xau, is:(8) V. A necessary condition for existence and 120.
|Title||:||Imports and Economic Growth|
|Author||:||Cornelis Abraham van Bochove|
|Publisher||:||Springer Science & Business Media - 1982-01-01|