Discuss the validity of the following statement: Unlike Solows model, Romers model concludes that changes in the
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Discuss the validity of the following statement:
“Unlike Solow’s model, Romer’s model concludes that changes in the saving rate do not affect the sustained per-capita output growth rate.”
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The statement you provided requires a nuanced analysis to evaluate its validity Lets break it down Solows Model Solows growth model developed by Rober...View the full answer
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