Homework Answers
The solow growth theory of 1950s assumed that :
Technological advance was exogenous.
..
When technology is added to the Solow model it creates constant growth in productivity. When explaining the affect technology has on productivity we conclude that new technology is exogenous. Technological progress is exogenous here (like population growth) because it is determined outside the model, not as a consequence of agents’ actions.
All of the Neo-classical model of growth (including) Solow assumes that technological change is exogenous.
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Question 18 The Solow growth theory of the 1950s assun technological advance was exogenous wealthy countries...
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Suppose an economy follows the Solow growth model, with constant investment, depreciation, and population growth rates....
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Notice this is a multiple answers question. Suppose there are two very similar countries (call them...
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Notice this is a multiple answers question. Suppose there are two very similar countries (call them...
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Notice this is a multiple answers question. Suppose there are two very similar countries (call them...
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Question 12 2 pts Suppose there are two very similar countries (call them G and H)....
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