Suppose the behavior of technology is described by some process other than (4.8)-(4.9). Do st = and

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Suppose the behavior of technology is described by some process other than (4.8)-(4.9). Do st = and l, = l for all t continue to solve the model of Section 4.5? Why or why not?

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Advanced Macroeconomics

ISBN: 390326

1st Edition

Authors: David Romer

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Question Posted: Nov 15, 2024 01:00 AM

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Suppose the behavior of technology is described by some process other than (4.8)-(4.9). Do st = and l, = l for all t continue to solve the model of Section 4.5? Why or why not?
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Suppose the behavior of technology is described by some process other than (4.8)-(4.9). Do st = and

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Advanced Macroeconomics

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