If a country is currently to the left of its steady-state capital stock in the Solow model,growth in output will follow only if new technology can be developed to shift the production function.

Question

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In the Solow model, if a country is to the left of its steady-state capital stock, growth in output can occur through capital accumulation (investment exceeding depreciation) even without new technology, as the economy moves towards its steady-state.

If a Country Is Currently to the Left of Its