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Matches in SemOpenAlex for { <https://semopenalex.org/work/W1980407607> ?p ?o ?g. }

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• W1980407607 abstract "In the standard literature, the fundamental factor restraining economic growth is diminishing returns to capital in production or R&D technology. This paper presents a model in which the factor restraining growth is saturation of demand for individual consumption good. The economy sustains growth through the introduction of new products/industries. The new products/industries create high growth of demand. By so doing, they elicit capital accumulation, and ultimately sustain economic growth. The model demonstrates the importance of demand-creating innovations which are different from the standard measure of technical progress, namely total factor productivity." @default.
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• W1980407607 date "2002-06-01" @default.
• W1980407607 modified "2023-10-17" @default.
• W1980407607 title "Demand saturation-creation and economic growth" @default.
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• W1980407607 doi "https://doi.org/10.1016/s0167-2681(01)00229-3" @default.
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