01676cas a2200241 a 4500 AALejournalIMF010517 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451957037 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers, Volume 41 No. 1. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (181 pages) IMF Staff Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines effects of economic growth and speed of adjustment on openness, human development, and fiscal policies. The model developed in this paper postulates that learning through experience raises labor productivity with three major consequences. First, the steady-state growth rate of output becomes endogenous and is influenced by government policies. Second, the speed of adjustment to steady-state growth increases and enhanced learning further reduces adjustment time. Third, both steady-state growth and the optimal net rate of return to capital are higher than the sum of the exogenous rates of technical change and population growth. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1994/001 Full text available on IMF http://elibrary.imf.org/view/journals/024/1994/001/024.1994.issue-001-en.xml IMF e-Library