Question: What does it mean to say that growth is exogenous or endogenous? How does the production structure of an endogenous growth model differ from that
What does it mean to say that growth is exogenous or endogenous? How does the production structure of an endogenous growth model differ from that of the neoclassical growth model?
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An endogenous variable is one in which changes in that variable are determined within the mod... View full answer
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