Question: 4. The Solow model assumes that technological changes are exogenous. What does the term exogenous mean? Why does the assumption of exogenous technological change matter

4. The Solow model assumes that technological changes are exogenous. What does the term

“exogenous” mean? Why does the assumption of exogenous technological change matter for growth policy? What does this assumption imply about growth rates across nations over time? l-58

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