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Many economists think the Solow Growth Model is of limited use. (One of my professors at OU stated that it took economists 50 years to figure out that their growth model has nothing to do with growth.) But does the Solow model give â€œâ€¦the right answer to the questions it is designed to address?â€2. Why is human capital important when testing the Solow model against the data?3. Explain how the authors conclude that the incomes of the worldâ€™s nations are converging?
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