What is endogenous growth? how do endogenous growth models

Reference no: EM133630161

Question: Since the mid-1990s, the U.S. economy has undergone a surge in labor productivity, given by Y/N. What are some possible explanations given by equation (2) for this surge?

1. What is endogenous growth? how do endogenous growth models differ from the neoclassical models of growth presented in Chapter 3?

Reference no: EM133630161

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