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Paul Romer
Knowledge Check
Knowledge Check
Question 1 of 2
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.
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