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Discussthe potential role of each of the factors listed in through on the steady state level of output per worker In each case indicate whether the effect is through A through K through

Discussthe potential role of each of the factors listed in (a) through (g) on the steady state level of output per worker. In each case, indicate whether the effect is through A, through K, through H, or through some combination of A, K, and H. A is the level of technology, K is the level of capital stock, H is the level of the Hu- man capital stock.

a. Geographic location

b. Education

c. Protection of property rights

d. Openness to trade

e. Low tax rates

f. Good public

May 01 2020 View more View Less

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