Explain why in the neoclassical growth model with exogenous technological change, the long-run equilibrium rate of growth

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Explain why in the neoclassical growth model with exogenous technological change, the long-run equilibrium rate of growth in output is independent of the saving rate (S/Y)?

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Question Posted: May 24, 2016 06:47 AM

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Explain why in the neoclassical growth model with exogenous technological change, the long-run equilibrium rate of growth

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An increase in the saving rate will increase the rate of capital formatio...View the full answer

Macroeconomics Theories and Policies

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