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Lecture 5 13

Lecture 5 13 - One-Sector Model(Romer k = s1 k(n d)k...

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One-Sector Model (Romer) k d n k s k ) ( 1 + = Δ α λ Capital per capita will continue to grow as long as: k d n k s ) ( 1 + > i.e. ) ( 1 d n s + > Capital per capita will grow indefinitely as long as the condition above holds.
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