Evaluate Turkey’s stage, according to Rostow Stages of Growth. Explanations should be made using the relevant variables and taking into account the features of the model. Has Turkey completed the developmental stages? Please analyze. (When giving information about the features required at these stages, make a concrete assessment. For example, if you say leading sectors are established, which ones should be specified. Or if the investments should have a certain ratio of GDP at that stage, should these values be given and analyzed.)

Evaluate Turkey’s stage, according to Rostow Stages of Growth. Explanations should be made using the relevant variables and taking into account the features of the model. Has Turkey completed the developmental stages? Please analyze. (When giving information about the features required at these stages, make a concrete assessment. For example, if you say leading sectors are established, which ones should be specified. Or if the investments should have a certain ratio of GDP at that stage, should these values be given and analyzed.)

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section: Chapter Questions

Problem 8QP

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Which of the following two countries A and B ceteris paribus do you expect to have the higher steady-state level of GDP per capita? Moreover, which country do you expect to grow faster? For this, you may assume that both countries will initially start their growth paths below their corresponding steady states. a) The two countries have initially the same levels of GDP per capita but country A has a higher savings rate . b) The two countries have initially the same levels of GDP per capita but population in country A grows at a rate of 10% while in country B population grows at a rate of 8%. c) The two countries have initially the same levels of GDP per capita but the average educational attainment of workers in country A is about 1.2 times higher than in country B.
In the endogenous growth model, a) the growth rate of human capital is equal to the growth rate of output. b) the growth rate of output is greater than to the growth rate of human capital. c) None of the answers are correct d) the growth rate of capital is less than the growth rate of output. e) the growth rate of human capital is greater than the growth rate of output.
I need all questions answer, please.
There are countries Alpha and Beta. Aside from being in steady-state initially, assume both economies had the same saving rate, the same rates of population growth and depreciation, and that capital has a common value of α = 1/2. Solve the following In this initial steady state, output has a ratio of Yalpha : Ybeta = 2 : 1. due to its higher productivity A. Use this information and equations for the steady state to calculate the ratio of productivity between A and B. Explain your derivations. Calculate the ratio of capital per capita between the two countries. Explain your derivations.
Please no written by hand
Our simple growth model implies that Select one: a.countries with higher K/L ratios will have higher economic growth. b.increases in K/L increase Y/L but at a diminishing rate. c.capital has no impact on Y/L. d.there is little prospect of poor countries catching up with rich countries. In the past few years, several high profile celebrities have campaigned for debt relief for HIPC's (Highly Indebted Poor Countries). While debt relief can potentially play a useful role in poverty reduction there are also some possible downsides such as Select one: a.reducing a poor nations exports. b.increasing government deficits. c.encouraging further debt by setting up an expectation that future debts will also be forgiven. d.under cutting local markets for food and other commodities given as aid.
Production function is given by Y = 3K"(AN)!-a, where a=2/3. The rate of depreciation of capital is equal to 12 percent, the rate of technological progress is equal to 5 percent, and the rate of population growth is equal to 3 percent. The economy was in the steady state at time t and the level of technology was equal to A:=30. Use the Solow growth model to answer the following questions. (Please fill in numbers; use a comma as a decimal separator: 10,5) 1. If the saving rate s=40 percent, the steady state level of output per unit of effective labor at time t is equal to 2. If the saving rate s=40 percent, the steady state level of consumption per unit of effective labor at time t is equal to 3. If the saving rate s=40 percent, the steady state level of consumption per worker at time t is equal to
) The goal is to analyze further the two-sector endogenous growth model. Write down the equation of motion for k, which shows delta k as saving minus break-even investment. (Break-even investment is the amount of investment needed to keep capital per effective worker constant.) Draw a graph that determines the steady-state k. In this economy, what's the steady-state growth rate of output per work? How do the saving rate and fraction of labor force in universities (u) affect this steady-state growth rate?
What models exist for countries to achieve economic growth based on international trade? How these models are related to developed and developing nations? Examples are also needed here to underpin your arguments!
What are the current growth rates, population size and patterns of the United States, China, and Brazil. What are the discussions on events or policies that may have affected that countries population size/growth rate. Be sure to include reputable sources, such as the United Nations or your selected country's government websites. government's response to population changes (laws, policies, social changes, etc.) Give the current population size of the world and the current projection of the population size as the 21st century progressed.
(III) Consider a version of the Solow growth model without technological change covered in lecture with a rate of population growth of zero (i.e. n=0). Assume that the country has been at the BGP for many years and that suddenly at time t ̅ there is a onetime increase in its population. Show how the economy will adjust to a new BGP by working with the modified system (per capita/worker variables). Show how capital per worker adjusts to the new Steady State level and how its growth rate changes over time.
Draw a well- labeled graph that illustrates the steady state of the Solow model with population growth. Use the graph to find what happens to steady-state capital per worker and income per worker in response to each of the following exogenous changes. A change in weather patterns increases the depreciation rate. b. Better birth-control methods reduce the rate of population growth.