What does easterly mean by leaks of knowledge

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Reference no: EM132207413

Question: Consult the assigned Easterly chapters to answer the questions below. Use your own words, relate your answer to class material, and resort to direct quotations only to illustrate your points.

a) What does Easterly mean by "leaks" of knowledge? And by "matches" of skills? Can you 1. give us examples?

b) How would you interpret these concepts (leaks and matches) and express them formally in terms of the Romer model?

c) How do these leaks and matches cause the poor to be trapped in poverty?

d) Did luck play any role in the generation of a "virtuous circle" of growth? Can luck in a particular period of time generate a later "technological dead-end"? Can you give us any examples?

Reference no: EM132207413

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