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ENDOGENOUS GROWTH THEORIES

ENDOGENOUS GROWTH THEORIES. Chapter 8 Cypher & Dietz. Neoclassical Growth Models: the Solow Growth Model. Y(t) =A(t)K(t) 1-a L(t) a where 0 < a < 1; in a perfectly competitive setting where each factor input is entitled to a return equal to its own marginal product,

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Exogenous boost - PowerPoint PPT Presentation

ENDOGENOUS GROWTH THEORIES