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Answer to Question #58808 in Macroeconomics for abin george jacob
Question #58808
would like to know the solow model during Spain's 2007-08 crisis?
Expert's answer
The Solow-Swan model is an exogenous growth model, an economic model of long-run economic growth set within the framework of neoclassical economics.
The model projects between a 0.48% and 2.30% GDP per capita growth with an average 1.26% GDP growth across all scenarios over the next 25 years. Despite these potential institutional changes, Spain’s attractiveness as a place to invest is limited at best.
The model projects between a 0.48% and 2.30% GDP per capita growth with an average 1.26% GDP growth across all scenarios over the next 25 years. Despite these potential institutional changes, Spain’s attractiveness as a place to invest is limited at best.
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