Based on article "Technology and economic growth: From Robert Solow to Paul Romer" by Rui Zhao, Romer has successfully opened the black box and explained how technology can be produced by an economy without having to rely on external (exogenous) technology. Using the central equations of the Romer’s model. discuss how technology (A)t can be produced by a country to stimulate economic growth?
Based on article "Technology and economic growth: From Robert Solow to Paul Romer" by Rui Zhao, Romer has successfully opened the black box and explained how technology can be produced by an economy without having to rely on external (exogenous) technology. Using the central equations of the Romer’s model. discuss how technology (A)t can be produced by a country to stimulate economic growth?
Chapter16: Economic Growth
Section: Chapter Questions
Problem 3E
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