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The Romer model focuses on the production of (non-rival) ideas. In class we assumed the production function for ideas to be = A(1 -
The Romer model focuses on the production of (non-rival) ideas. In class we assumed the production function for ideas to be = A(1 - 1)L. Explain what would happen to long-run growth if instead the production function for ideas is = A (1 - 1)L with 0 < 1 and 1, L constant.
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
