The Neoclassical Growth Theory Solow, R., “A contribution to the theory of Economic Growth,” QJE, Feb, 1956, vol. 70, pp. 65-94. “Technical change and the Aggregate…
Slide 1 Lecture #6 Slide 2 Lecture outline Review Go over Homework Set #5 Continue production economic theory Slide 3 Output elasticity: Output elasticity or the elasticity…
Slide 1 The Neoclassical Growth Theory Slide 2 Solow, R., “A contribution to the theory of Economic Growth,” QJE, Feb, 1956, vol. 70, pp. 65-94. “Technical change and…
Lecture #6 Lecture outline Review Go over Homework Set #5 Continue production economic theory Output elasticity: Output elasticity or the elasticity of production can be…