Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

In which area of the world were policies based on the solow growth model consistently applied, but with very limited success?

Sagot :

azikennamdi

The area of the world were policies based on the Solow growth model consistently applied, but with very limited success is Africa.

What is the Solow growth model?

The Solow-Swan model, or exogenous growth model, is an economic model for long-term economic growth. It attempts to explain long-term economic growth by looking at capital accumulation, labor or population growth, and productivity growth driven primarily by technological progress.

What does the Solow growth model explain?

The Solow growth model is an exogenous model of economic growth that analyzes changes in the level of economic output over time as a result of changes in population growth rates, savings rates, and technological progress.

Learn more about Solow growth model:
https://brainly.com/question/16007776

#SPJ1

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.