During the late 1960s, Chinese authorities imposed the precepts of the Cultural Revolution on their people. As
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During the late 1960s, Chinese authorities imposed the precepts of the “Cultural Revolution” on their people. As a result, almost all scholars and researchers were sent to the fields to perform manual agricultural tasks. Comment on the effect this had on the per-person output growth rate, according to the Romer model.
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The Romer model developed by economist Paul Romer focuses on the role of technological progress and innovation in driving economic growth In the conte...View the full answer
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