Exam 4: Growth and policy

According to the endogenous growth theory

Hong Kong and Singapore achieved high economic growth between 1966 and 1990.Which of the following characteristics did these two countries NOT have in common?

Robert Barro's empirical findings that countries with higher levels of investment will achieve a steady state with a higher per-capita income but not with a higher growth rate supports

Between 1966 and 1990 Hong Kong experienced a much higher growth rate of output than Singapore.This was at least partially due to the fact that Singapore had a government that

Which of the following economists did NOT significantly contribute to the debate on exogenous versus endogenous growth?

A production function with constant returns to scale for capital alone implies that

Assume an endogenous growth model with labor augmenting technology and a production function of the form Y = F(K,AN), where A = 1.2(K/N) such that y = (1.2)k.If the savings rate is s = 0.15 and the rate of depreciation is d = 0.05, how high does population growth (n) have to be to achieve a growth rate of 10 percent?

Which of the following statements is FALSE?

Which of the following policies does NOT affect the long-term growth rate of a nation?

Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN), where A = 2(K/N) such that y = 2k.If the savings rate is s = 0.06, the rate of population growth is n = 0.05, and the rate of depreciation is d = 0.04, then the growth rate of real output per capita is

Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN) with A = 2(K/N), so y = 2k.If the savings rate is s = 0.05 and there is neither population growth nor depreciation of capital, what is the growth rate of output?

Assume we have a simple endogenous growth model where technology is labor augmenting, that is, Y = F(K,AN), and also proportional to the capital-labor ratio, such that y = ak.In this case, the growth rate of GDP per capita can be expressed by

Which of the following countries had the LOWEST average annual growth rate of GDP per capita between 1988 and 2010?

Which of the following countries is NOT one of the "Asian Tigers"?

Countries with higher saving rates may have higher equilibrium growth rates since

A comparison of per-capita GDP in China and India over the last five decades indicates that

A key assumption in an endogenous growth model with both labor and capital inputs in the production function is that

Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN), where A = a(K/N) such that y = ak.If the savings rate is s = 0.1, the rate of population growth is n = 0.04, and the depreciation rate is d = 0.02, how much would "a" have to be to achieve a 12% growth rate of output?

In a simple version of the Solow growth model with endogenous population growth, a country can escape the poverty trap by

Separating private returns to capital from social returns to capital, that is, the idea that investment in capital may have positive spillover effects as new ideas and new ways of doing things can be easily copied by others, was first advocated by