Economic growth and generalized depreciation
نویسندگان
چکیده
منابع مشابه
Geography, Depreciation, and Growth
Any visit to the seashore will confirm that it is more difficult to build a large sandcastle if one locates the project too near the lapping waves of the ocean. The sandcastle may grow well initially, but eventually a rouge wave washes out some portion of the progress. It may be possible for the sandcastle to grow on net, so long as investment in building outpaces losses to the waves, but it mu...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 1990
ISSN: 0304-3878
DOI: 10.1016/0304-3878(90)90093-q