Edwin Burmeister, Stephen J. Turnovsky
Abstract
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Capital deepening is an important con- cept in traditional capital theory. In a one-sector model it has an unambiguous definition, describing an increase in the physical capital-labor ratio...
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Capital deepening is an important con- cept in traditional capital theory. In a one-sector model it has an unambiguous definition, describing an increase in the physical capital-labor ratio...
Key concepts: Economics, Capital good, Capital deepening, Capital (architecture), Capital intensity, Financial capital, Capital accumulation, Capital formation