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(Solved): If a country increases its savings rate, the two models
(Solow vs endogenous growth) have diff ...
If a country increases its savings rate, the two models
(Solow vs endogenous growth) have different takes on the adjustment
process and policy conclusions. Explain. Use graphs.
With an increase in the saving rate, the economic growth is affected. But, it is explained differently by Solow model as well as endogenous growth model. Solow model