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Lecture 3 12 - Theory of Economic Growth” in the...

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II. Solow Growth Model Also known as “Neoclassical Growth Model” Named after Robert Solow, who got the Nobel Prize (economics) in 1987. First introduced in his paper “A Contribution to the
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Unformatted text preview: Theory of Economic Growth” in the Quarterly Journal of Economics • It is a “Exogenous Growth Model”...
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