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A natural disaster will have a negative effect (or increase the depreciation) to the economy. By using Neo-Classical growth model and Current Value Hamiltonian, (1)
A natural disaster will have a negative effect (or increase the depreciation) to the economy. By using Neo-Classical growth model and Current Value Hamiltonian, (1) are you agree with that statement? (2) Also show that accumulated capital golden rule and its modification!. The production function is O = AK" I - where K is capital and L is labor
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