lecture8 - Agenda Fundamental Determinants of Living...

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1 8-1 Long-Run Economic Growth, Part 2 8-2 Agenda Fundamental Determinants of Living Standards. Endogenous Growth Theory. Policies to Raise Long-Run Living Standards. 8-3 The Solow Model Fundamental determinants of living standards: ¾ The saving rate. ¾ Population growth. ¾ Productivity growth. 8-4 The Solow Model Fundamental determinants of living standards: ¾ Increasing the saving rate:
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