Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 6, Problem 8RQ
To determine

Explanations of productivity growth by endogenous growth theory

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Beyond the Solow model, how do endogenous growth theories provide greater understanding of the process of economic growth?
How does the Solow growth model explain economic growth?
With regards to Solow-Swan Model in economics, what does exogenous growth mean and what factors can lead to growth in output according to the model?
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