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Development Economics
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Paul Romer
» Paul Romer - Practice Questions
Paul Romer - Practice Questions
1. In Paul Romer’s paper, “Endogenous Technical Change” (1990) created a model of growth:
*
where ideas are produced by for-profit firms in a monopolistically competitive market
which improved upon the Solow model, making the “A” term (ideas) in Y = AF(K,L) a public good
both a. and b.
2. Economist Paul Romer is an advocate of __________________ in hopes of solving the problem of the “iron rule of rules.”
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anarchy
charter cities
Soviet-style planning