Lecture 6 23

Lecture 6 23 - Steady State Growth Rate of Output A n = A 1...

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Steady State Growth Rate of Output φ λ = Δ 1 n A A As the number of workers n increases, more researchers are added to the workforce. As the effectiveness of the “standing on shoulders of giants”
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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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