Capital Mobility with Convergence in Open Economies
The major objective of the paper is to provide a theoretical description of convergence in neoclassical models with various initial ratios of human to physical capital. To avoid immediate convergence, adjustment costs (higher for human capital than for physical capital investment) are introduced. Th...
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| Format: | Article |
| Language: | Indonesian |
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Universitas Islam Bandung
2014-10-01
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| Series: | Statistika |
| Online Access: | http://ejournal.unisba.ac.id/index.php/statistika/article/view/938 |