The Origins Of Economic Growth: The Fundamental Interaction Between Material And Nonmaterial Values,Used

The Origins Of Economic Growth: The Fundamental Interaction Between Material And Nonmaterial Values,Used

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SKU: SONG3642645208
Brand: Springer
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Dealing with factors affecting economic growth in knowledgebased societies, the author shows that the interaction between material and nonmaterial values is the ultimate source of all economic growth. The model thus developed predicts the quantitative facts concerning business cycles better than the conventional realcycle models, while also producing a new growth path whose existence is verified by empirical facts. The results provide strong evidence of the economic relevance of nonmaterial values, and also prompt a new view of the stochastic elements in the business cycles.

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