id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
capitalism--cord-0076735-uv91ljip	Michl, Thomas R	Path dependence and stagnation in a classical growth model	2021.0		.txt	text/plain	8688	345	43	Growth rates of population and labour productivity are calculated using log differences divided by the number of years in the time interval. In our model, such a shock will lower employment rates permanently, and this will create a chain of causation that could reduce the (already low) wage share, depress the (already low) rate of labour-saving technical change, restrain the growth of population because of reduced inward migration to advanced countries, and lower the rate of capital accumulation.	cache/capitalism--cord-0076735-uv91ljip.txt	txt/capitalism--cord-0076735-uv91ljip.txt