Question: 8. Consider two countries which we'll call X and '1. Say that (AW N) = 2 and that country X is 20 years ahead technologically

8. Consider two countries which we'll call X and '1". Say that (AW N) = 2 and that country X is 20 years ahead technologically on and that technology grows at 1.1% a year. What dominates the productivity differences - technology or institutions? [12.5 oointsl

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