Lecture 4 36

Lecture 4 36 - exogenously given (i.e. not explained in the...

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Evaluating the Solow Growth Model a) Satisfies many Stylized Facts of economic growth. b) Although the growth rate in per capita output is the same as that of technology, the latter is
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Unformatted text preview: exogenously given (i.e. not explained in the model how the growth rate, g, is determined)....
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