Lecture 5 16

Lecture 5 16 - • Non-decreasing returns to capital at the...

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One-Sector Model (Romer) One can show that output per capita will grow at the same rate (problem set) Kaldor’s Stylized Facts (problem set)
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Unformatted text preview: • Non-decreasing returns to capital at the aggregate level, so indefinite growth occurs as long as the aforementioned condition holds....
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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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