Parente and Prescott provide evidence that total factor productivity across countries can be explained by
A) differences in savings rates.
B) differences in economic systems.
C) barriers to technology adoption.
D) differences in political ideologies.
E) differences in levels of human capital.
Correct Answer:
Verified
Q17: Barriers to the adoption of new technology
Q18: The importance of barriers to the adoption
Q19: In the endogenous growth model
A)the growth rate
Q20: Countries do NOT have access to the
Q21: A primary deficiency of the Solow growth
Q23: If, in a given country, there is
Q24: Paul Romer argues that a key feature
Q25: Suppose a country is significantly richer than
Q26: The Solow growth model
A)predicts differences in standards
Q27: In the endogenous growth models of Lucas
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents