Question: 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
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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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 full answer
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