In the following subsections the paper therefore focuses on the golden rule and savings-investment approaches. w 18. ... to the sum of population growth, growth of aquot;knowledgeaquot; or effectiveness of labor, and the rate of depreciation of the capital stock. ... 16 The golden rule and savings-investment views are not mutually exclusive, and will indeed be combined in the econometric analysis of Section D. 17anbsp;...
|Title||:||Israel, Selected Issues and Statistical Appendix|