Growth and Growth Rate

Hak Choi

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SSRN Electronic Journal

Article . 2016 . Peer-reviewed

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https://dx.doi.org/10.2139/ssr...

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Growth and Growth Rate

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2016 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Hak Choi;

doi: 10.2139/ssrn.2754447

Growth and Growth Rate

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Abstract

This paper proves that maximum growth rate implies zero capital, output and consumption. Growth theory faces the dilemma of zero growth rate or zero output, and is unable to escape the zero trap.

Related Organizations

Chienkuo Technology University
Taiwan
Chung-Hua Institution for Economic Research
Taiwan

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