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作者:Burnette, Jeffrey D.
作者单位:Rochester Institute of Technology
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作者:Chang, Andrew C.; Li, Phillip
作者单位:Federal Reserve System - USA; Office of Financial Research; United States Department of the Treasury
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作者:Li, Shengwu
作者单位:Harvard University
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作者:Hart, Oliver
作者单位:Harvard University
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作者:Agan, Amanda; Starr, Sonja
作者单位:Rutgers University System; Rutgers University New Brunswick; University of Michigan System; University of Michigan
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作者:Einav, Liran; Finkelstein, Amy; Gupta, Atul
作者单位:Stanford University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
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作者:Goldin, Claudia; Kerr, Sari Pekkala; Olivetti, Claudia; Barth, Erling
作者单位:Harvard University; Wellesley College; Boston College
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作者:Nyqvist, Martina Bjorkman; Jayachandran, Seema
作者单位:Stockholm School of Economics; Northwestern University
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作者:Zhang, Luyao; Levin, Dan
作者单位:University System of Ohio; Ohio State University; University System of Ohio; Ohio State University
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作者:Grossman, Gene M.; Helpman, Elhanan; Oberfield, Ezra; Sampson, Thomas
作者单位:Princeton University; Harvard University; University of London; London School Economics & Political Science
摘要:The evidence for the United States points to balanced growth despite falling investment-good prices and a less-than-unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that the introduction of human capital accumulation in the standard way does not resolve the puzzle. However, balanced growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor....