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macroeconomics

Discuss the potential role of each of the factors listed in (a) to (g) on the steady-state level
of output per worker. In each case, indicate whether the effect is through A, through K,
through H, or through some combination of A, K and H. A is the level of technology, K
is the level of capital stock and H is the level of the human capital stock.
a. Geographic location
b. Education
c. Protection of property rights
d. Openness to trade
e. Low tax rates
f. Good public infrastructure
g. Low population growth

Macroeconomics-Groeh   
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