Lecture 6 13

Lecture 6 13 - Balanced Growth Path growth rate depends on...

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The Romer Model Featured in “Endogenous Technological Change” Journal of Political Economy (1990) Another Endogenous Growth Model The model acknowledges that the steady state (a.k.a.
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Unformatted text preview: Balanced Growth Path) growth rate depends on the rate of technological growth. • But the Romer model explains how the rate of technological growth is determined....
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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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