University Of Chicago Press | ISBN: 0226240886 | 1987-07 | PDF | 480 pages | 7 Mb

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Capital formation has long been a central focus of the research of the National Bureau because of the central role of capital accumulation in the process of economic growth. NBER studies in this area, including the work of Simon Kuznets, Raymond Goldsmith, and Milton Friedman, have focused on the determinants of saving as well as on the process of investment in plant and equipment.