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growth model

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Issue:

Miscellaneous

 

Written by:

Rose F

 

Date added:

January 21, 2016

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 175

 

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1482 times

 

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[edit] Extension to the Harrod-Domar model Solow extended the Harrod-Domar model by: * Adding labor as a factor of production; * Requiring diminishing returns to labor and capital separately, and constant returns to scale for both factors combined; * Introducing a time-varying technology variable distinct from capital and labor...
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[edit] Extension to the Harrod-Domar model Solow extended the Harrod-Domar model by: * Adding labor as a factor of production; * Requiring diminishing returns to labor and capital separately, and constant returns to scale for both factors combined; * Introducing a time-varying technology variable distinct from capital and labor...
displayed 300 characters

General issues of this essay:
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