1.Suppose that the technology level, A, grows exogenously at a positive rate, g ???? 0. Does the level of output, Y, grow in the long run? Does
1.Suppose that the technology level, A, grows exogenously at a positive rate, g ???? 0. Does the level of output, Y, grow in the long run? Does output per worker, Y/L, grow in the long run?
2.Most countries in sub-Saharan Africa grew at a low rate from 1960 to 2000, while many countries in East Asia grew at a high rate. How can the concept of conditional convergence help to explain these observations?
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