Through the use of an augmented Solow growth model, researchers can raise the explanatory power of their conditional convergence models from 59 percent to percent.

Question

Quizplus · Accepted Answer

The augmented Solow growth model incorporates additional factors like human capital, which can significantly improve the explanatory power of conditional convergence models, raising it to 78 percent.

Through the Use of an Augmented Solow Growth Model, Researchers