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Long-Term Growth and Persistence with Endogenous Depreciation: Theory and Evidence
Barañano Mentxaka, Ilaski 
; Romero-Avila, Diego (Departamento de Fundamentos dle Análisis Económico I, 2013)
; Romero-Avila, Diego (Departamento de Fundamentos dle Análisis Económico I, 2013)
Previous research has shown a strong positive correlation between short-term
persistence and long-term output growth as well as between depreciation rates
and long-term output growth. This evidence, therefore, contradicts ...