Many Keynesians believe the best way to deal with growth is to have government promote an industrial policy that focuses on the development of technological change using tax credits, government...

Many Keynesians believe the best way to deal with growth is to have government promote an industrial policy that focuses on the development of technological change using tax credits, government research funding, and the transfer of technological knowledge from the military to the civilian sector. a. Would such a policy be consistent with the new growth theory? b. Would those believing in the Classical growth model support such a policy?

May 18, 2022
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