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Human capital and the ambiguity of the Mankiw-Romer-Weil model
Mankiw, Romer and Weil's (1992) finding of a cross-country relationship between savings rates, school enrolment and income levels is highly ambiguous.Their interpretation that it is consistent with an augmented Solow model depends on the implausible assumption that educational productivity is v...
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| Format: | Default Preprint |
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2004
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| Online Access: | https://hdl.handle.net/2134/331 |
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