Lecture 4 35

Lecture 4 35 - Model predicts that all countries should...

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Stylized Facts of Economic Growth 5. Rates of growth and levels of income vary substantially across countries (non- convergence).
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Unformatted text preview: Model predicts that all countries should have the same long-run growth rate equaled to g – which is not what we observe....
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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