I need some assistance with these assignment. china’s economic growth appraisal through the solow model Thank you in advance for the help! The short term implications include policy measures such as tax cuts as well as subsidies on investment that could affect the steady state levels of output but not the growth in the longer run. Furthermore the growth is affected in the shorter run only because the economy converges to newer steady state levels of output. In addition the rates of growth of the economy as the economy converges to a steady state are determined by the rate of capital accumulation alone. The rate of capital accumulation is the determined using the savings rate as well the overall depreciation of capital.
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