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    Quiz 2 Q

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    Mahnoor
    The document contains two questions for a macroeconomics quiz, asking how endogenous growth theory explains persistent growth without assuming exogenous technological progress and how it differs from the Solow model, and asking about factors that could explain the growth rates and differences between Pakistan and Germany and mechanisms for convergence or leapfrogging of incomes.

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    Quiz 2 Q

    Uploaded by

    Mahnoor
    10 views1 page
    The document contains two questions for a macroeconomics quiz, asking how endogenous growth theory explains persistent growth without assuming exogenous technological progress and how it differs from the Solow model, and asking about factors that could explain the growth rates and differences between Pakistan and Germany and mechanisms for convergence or leapfrogging of incomes.

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    The document contains two questions for a macroeconomics quiz, asking how endogenous growth theory explains persistent growth without assuming exogenous technological progress and how it differs from the Solow model, and asking about factors that could explain the growth rates and differences between Pakistan and Germany and mechanisms for convergence or leapfrogging of incomes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views1 page

    Quiz 2 Q

    Uploaded by

    Mahnoor
    The document contains two questions for a macroeconomics quiz, asking how endogenous growth theory explains persistent growth without assuming exogenous technological progress and how it differs from the Solow model, and asking about factors that could explain the growth rates and differences between Pakistan and Germany and mechanisms for convergence or leapfrogging of incomes.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Macroeconomics II

    Dr. Waqar Wadho


    Quiz # 2
    2nd March 2021

    Q1: How does endogenous growth theory explain persistent growth without the assumption of
    exogenous technological progress? How does this differ from the Solow model? [15 marks]
    Q2: Suppose persistent growth is explained by the both accumulation of capitals (physical,
    human and public infrastructure) and technological progress. In a world with two countries
    Pakistan and Germany, what would explain their growth rates today and its difference? Explain
    the mechanisms that could lead to convergence of Pakistan to German per capita income, and
    the mechanism that could result in leapfrogging. [35 marks]

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