Too much of a good thing? Consider the level of per capita income along a balanced growth
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Too much of a good thing? Consider the level of per capita income along a balanced growth path given by equation (5.11). Find the value for sR that maximizes output per worker along a balanced growth path for this example. Why is it possible to do too much R&D according to this criterion?
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Related Book For 
Introduction To Economic Growth
ISBN: 9780393919172
3rd Edition
Authors: Charles I. Jones, Dietrich Vollrath
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