In the neoclassical theory of growth, a higher saving rate leads to ______________.

Name: In the neoclassical theory of growth, a higher saving rate leads to ______________.
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In the neoclassical theory of growth, a higher saving rate results in a higher level of capital accumulation, which increases output per worker. However, it does not change the steady-state growth rate, which is determined by exogenous factors like technology growth.

In the Neoclassical Theory of Growth, a Higher Saving Rate