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( 100pts=10ptsx10 questions) Take the Solow Model with population growth, but now assume that technological change is the result of government scientists. Private Sector. The
( 100pts=10ptsx10 questions) Take the Solow Model with population growth, but now assume that technological change is the result of government scientists. Private Sector. The production function for the private sector is Yt=AtKt(NYt)1 Government Sector: TFP evolves according to Equation (A) where NAt is the population employed as government scientists. At+1=At+AtNAtwhere0
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