Hi, can you please help me to solve this macroeconomics question. Describe the version of the endogenous growth model with capital. Explain the assumptions of the model together with the key equations describing the law of motion of the growth rates of technology and physical capital. Explain how it depends on the degree of returns to scale to technology and physical capital in knowledge production.

Hi, can you please help me to solve this macroeconomics question. Describe the version of the endogenous growth model with capital. Explain the assumptions of the model together with the key equations describing the law of motion of the growth rates of technology and physical capital. Explain how it depends on the degree of returns to scale to technology and physical capital in knowledge production.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 3E

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