Exercise 20.5. (1) Prove Proposition 20.4. In particular, show that if (20.21) is not satisfied, a CGP

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Exercise 20.5. (1) Prove Proposition 20.4. In particular, show that if (20.21) is not satisfied, a CGP cannot exist, and that this condition is sufficient for a CGP to exist. (2) Characterize the CGP effective capital-labor ratio, k∗.

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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 20.5. (1) Prove Proposition 20.4. In particular, show that if (20.21) is not satisfied, a CGP cannot exist, and that this condition is sufficient for a CGP to exist. (2) Characterize the CGP...
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Exercise 20.5. (1) Prove Proposition 20.4. In particular, show that if (20.21) is not satisfied, a CGP

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Introduction To Modern Economic Growth

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