What is the motivation to study the romer model

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Question 1. What is the motivation to study the Romer model?

Question 2. Why is the Romer model incompatible with perfectly competitive markets?

Question 3. Why do we not talk about the notion of steady state in the Romer model? Is it possible for the steady state to be observed in the Romer model?

Reference no: EM133277623

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