What is the mechanism in the Solow model that generates growth? Why is this an appealing mechanism?

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What is the mechanism in the Solow model that generates growth? Why is this an appealing mechanism? Why does it fail to deliver economic growth in the long run?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:25 AM

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What is the mechanism in the Solow model that generates growth? Why is this an appealing mechanism?

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Capital accumulation delivers growth This makes sense because we can see by ...View the full answer

Macroeconomics

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