Compare and contrast the (i) Solow model with technological progress, (ii) the Solow model with human capital and (iii) the productive externality and endogenous growth. How do these models predict the convergence hypothesis, if any? And what structural policies are predicted by these models? [Hint: Ensure you have included all derivations and graphs as may be required]

Compare and contrast the (i) Solow model with technological progress, (ii) the Solow model with human capital and (iii) the productive externality and endogenous growth. How do these models predict the convergence hypothesis, if any? And what structural policies are predicted by these models? [Hint: Ensure you have included all derivations and graphs as may be required]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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