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The nominal GDP per capita of China and India were about the same in the 1980s. In 2019, the GDP per capita of China and
The nominal GDP per capita of China and India were about the same in the 1980s. In 2019, the GDP per capita of China and India are about 5:1. Please find some data on country characteristics that might help explain the difference in their growth, based on the Solow model. For example, we could see if the saving rate in China is higher than that in India. In your judgment, how useful is the Solow model in understanding the difference between the economic growth in China and India for the past decades
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