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The mechanics of growth and debt (英语)

The use of models for the mechanics of resource transfer from one country to another is described. The models used are based on the Harrod-Domar prototype and applied to the investment-savings gap. Two types of model are defined: One in which the savings rate is fixed in relation to gross domestic product, and one in which it is fixed in relation to gross national product. A new formula for what is termed the accumulation function is introduced and...
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