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- W91014307 abstract "The purpose of this chapter is to discuss the dynamic developments of the model presented in the previous chapter. In Sect. 7.1, the model’s long run solutions are derived, and it is shown that under the given assumptions, all regions converge to the same stable output levels in the long run. An eventual outcome, possibly beyond our lifetimes, may be of limited interest; for this reason, a number of medium run scenarios of regional growth are discussed comprehensively in Sect. 7.2. The model makes clear predictions concerning mutual interdependence, initial output levels and stocks of capital, which are derived formally in Sect. 7.3." @default.
- W91014307 created "2016-06-24" @default.
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- W91014307 date "2010-11-25" @default.
- W91014307 modified "2023-09-23" @default.
- W91014307 title "Evolution of Factors and Output" @default.
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- W91014307 doi "https://doi.org/10.1007/978-3-7908-2637-1_7" @default.
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