Difference between absolute and conditional convergence

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Reference no: EM131134317

1. a. What sorts of capital investment does this chapter suggest are most useful for explaining long-run equilibrium growth?

b. Discuss the long-run growth potential of each of the following government programs:

i. Investment tax credits

ii. R&D subsidies and grants

iii. Policies intended to increase saving

iv. Increased funding for primary education

2. What is the difference between absolute and conditional convergence, as predicted by the neoclassical growth model? Which seems to be occurring, empirically?

Reference no: EM131134317

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