Exercise 19.13. Consider the model in Section 19.4. (1) Derive the trade balance equation (19.33) from the

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Exercise 19.13. Consider the model in Section 19.4. (1) Derive the trade balance equation (19.33) from the capital market clearing equation, (19.25). (2) Prove that the ratio of imports to GDP at each t is equal to τ .

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Introduction To Modern Economic Growth

ISBN: 9780691132921

1st Edition

Authors: Daron Acemoglu

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Question Posted: Nov 16, 2024 08:01 AM

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Exercise 19.13. Consider the model in Section 19.4. (1) Derive the trade balance equation (19.33) from the

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Introduction To Modern Economic Growth

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