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Endogenous growth model. You will explore the dynamics of human capital and phys- ical capital using the human capital accumulation model. The aggregate production function

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Endogenous growth model. You will explore the dynamics of human capital and phys- ical capital using the human capital accumulation model. The aggregate production function is Y 2 AK 0H 1'\". The values of parameters are shown as in Table 2. Each period lasts a year. a 1/3 3K 20% 6 4% 5H 15% A 1 Table 2: Benchmark Parameter Values endogenous growth model

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