The steady state of the solow growth model with exogenous, Ask an Expert

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The steady state of the Solow growth model with exogenous technological progress and Cobb-Douoglas technology predicts that the real rental rate (ie: the price) of capital will not exhibit long run growth if the capital input market clearing condition (recall, from the neoclassical model) holds.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677920

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