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Growth rate of output per person in economy

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Reference no: EM132479150

Consider the following variation of the Romer model:

Yt = At ^(1/2) Lyt

?At+1 = z ¯AtLat

Lyt + Lat = L

Lat = lL

What is the growth rate of knowledge in this economy?hat is the growth rate of output per person in this economy?

Reference no: EM132479150

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