Browsing ECO Articles by Author "DUCZYNSKI, Petr"

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Browsing ECO Articles by Author "DUCZYNSKI, Petr"

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    Title: Adjustment Costs in A Two-Capital Growth Model  Author(s): DUCZYNSKI, Petr Date: 2002 Type of Publication: Article Abstract: Numerous empirical studies observe that output growth depends positively on human capital and negatively on output. This paper demonstrates that an open-economy neoclassical growth model with large adjustment costs for ...