1. Use the Solow growth model to demonstrate how differences in access to technology can cause...

1. Use the Solow growth model to demonstrate how differences in access to technology can cause highly-developed countries and lesser-developed countries can both at low rates and never converge. Include in your answer a description of the differences in access to technology and illustrations of the consequences for long-run capital stock per worker, long-run output per worker, and the time paths of output per worker from the short-run to the long-run.

2. Use the Solow growth model to demonstrate how differences in population growth rates can cause highly-developed countries and lesser-developed countries can both at low rates and never converge. Include in your answer a description of the differences in population growth rates and illustrations of the consequences for long-run capital stock per worker, long-run output per worker, and the time paths of output per worker from the short-run to the longrun.

3. Use the human capital growth model to demonstrate how differences in investment in education and training can cause highly-developed countries and lesser-developed countries to grow at different rates and never converge. Include in your answer a description of the differences in education/training and illustrations of the differences in the paths for human capital accumulation and output-per worker.

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Rahul Sunny answered 1 year ago

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