ECON202assignment2

ECON202assignment2 - ECON 202, SPRING 2009 Assignment # 2...

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ECON 202, SPRING 2009 Malhar Nabar Assignment # 2 Assigned: February 26 Due: In my mailbox, 11 am March 10 Note : There are six questions in total. You may consult with other students, but please turn in your own individual answer sheet with the names of all group members listed on the front page. 1. Solow Model: Theory Country C and Country D have the following production function Y = K 1 3 L 2 3 The two countries have identical growth rates for the labor force and share an identical depre- ciation rate of capital, but country C invests 20% of output per year while Country D invests 5% of output per year. Suppose the countries have reached their steady states. Calculate the following steady state ratios: k C k D and y C y D 2. Solow Model with technological progress Chapter 8 (page 242), problems and applications, #2. 3. Evaluation of the Solow Model Recall the articles assigned for the previous problem set as well as the articles discussed in class (on Cameroon and India). The process of economic growth described in those articles is a lot
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This note was uploaded on 06/15/2010 for the course ECON 202 taught by Professor Nabar during the Spring '08 term at Wellesley College.

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ECON202assignment2 - ECON 202, SPRING 2009 Assignment # 2...

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