The major difference between endogenous growth theory and Solow-09206
The major difference between endogenous growth theory and Solow growth model is that:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.5.
The major difference between endogenous growth theory and Solow growth model is that:
Endogenous growth theory is a monetary theory whereas the Solow theory is a realtheory
Endogenous growth theory assumes diminishing returns to capital and the Solowtheory assumes constant returns
In endogenous growth theory, economies with the same technology and saving rate neednot converge to the same steady state as in the Solow model
All of the given options are correct
