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Referencing Textbook: Economic Growth (3rd Edition) by David N. Weil is James and Merryl Tisch Professor of Economics, Brown University, USA 19. How does the
Referencing Textbook: Economic Growth (3rd Edition) by David N. Weil is James and Merryl Tisch Professor of Economics, Brown University, USA
19. How does the issue of the saving rate being endogenous or exogenous affect our interpretation of how well the Solow model explains income differences across countries? Multiple equilibria and "poverty traps"
Please explains the concept by simplify it as possible.
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