In the combined Solow-Romer model, an exogenous increase in the saving rate has no effect on the growth rate or level of per capita output.

Name: In the combined Solow-Romer model, an exogenous increase in the saving rate has no effect on the growth rate or level of per capita output.
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In the combined Solow-Romer model, an exogenous increase in the saving rate leads to an increase in the steady-state level of per capita output, but has no effect on the long-run growth rate of per capita output.

In the Combined Solow-Romer Model, an Exogenous Increase in the Saving