Features of Neoclassical Growth Models | Explained with Key Points
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Features of Neoclassical Growth Models | Explained with Key Points
Explore the Neoclassical Growth Model, one of the most influential economic theories explaining long-term growth. This video/article discusses the key features of the model, including capital accumulation, diminishing returns, constant returns to scale, exogenous technology, and the concept of a steady-state growth path. Learn how the Solow ...
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