In the Romer model, how does an increase in the fraction of the population engaged in R&D

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In the Romer model, how does an increase in the fraction of the population engaged in R&D affect the growth rate of per-capita output over time?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:00 PM

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In the Romer model, how does an increase in the fraction of the population engaged in R&D

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In the Romer model an increase in the fraction of the population engaged in research and development RD is expected to have a positive impact on the g...View the full answer

Macroeconomics Policy And Practice

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