Explain which type of growth yields the better welfare

Reference no: EM133426058

Question: Using relevant post-growth graphs,

Differentiate the welfare outcomes for a small developing country using one of the following growth possibilities;
Growth in the labour force versus growth in the country's capital stock.
Growth in the labour force versus neutral technical progress in the capital-intensive commodity.
Explain which type of growth yields the better welfare outcomes for small developing countries and identify relevant policy implications.

Reference no: EM133426058

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