What assumptions are implicit in the model

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Reference no: EM131164818

Please describe ONE of the three detailed growth theories covered, in detail. (do not do Malthus) For whichever you choose, give the mechanism itself, i.e. how does the model work?? What assumptions are implicit in the model? What does the model predict? In what ways does the model fit, or not fit, the data? What policies are suggested, to the extent the model is correct?

Reference no: EM131164818

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