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Suppose that we live in a Romer economy where the law of motion of new technologies is A(t+1)=A(t)+a_bar*A(t) S, where S is the number of
Suppose that we live in a Romer economy where the law of motion of new technologies is A(t+1)=A(t)+a_bar*A(t) S, where S is the number of scientists in the economy, which is constant. Suppose that at time T, we receive a one-time inflow of new technologies from a more advanced economy. Approximately draw the evolution of the growth rate of the stock of new technologies over time starting before T
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