Consider the following statement about the Solow model, y = Akª, and parameters 0


Consider the following statement about the Solow model, y = Akª, and parameters 0<a <1,0<br><y <1, and 0 <ô <1: If the productivity parameter doubles in size, then long-run output per<br>capita will also double in size. Show that this statement is false.<br>

Extracted text: Consider the following statement about the Solow model, y = Akª, and parameters 0
Jun 07, 2022
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