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Instructions Research Project 2: Endogenous Verses Exogenous Growth TheoriesIn neoclassical
Instructions Research Project 2: Endogenous Verses Exogenous Growth TheoriesIn neoclassical growth models, the sources of growth, is exogenous usually “technology”. Such theoretical models hence are able to describe how an economy grows, but not why it grows. To overcome this shortcoming, several growth models have been developed that make