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Advanced Macroeconomics please refer the attached file Problem set 3 1. Increasing returns in a model with human capital Suppose that Y (t ) =

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Advanced Macroeconomics please refer the attached file

image text in transcribed Problem set 3 1. Increasing returns in a model with human capital Suppose that Y (t ) = K(t) "'[(1 - aH) H (t) ]B H ( t ) = BaHH (t) K (t ) = sy (t ) and assume that o + 8 > 1 and 0

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