In neoclassical growth models, the sources of growth, is exogenous usually “technology”. Such theoretical models hence are able to describe how an economy grows, but not why it grows. To overcome this shortcoming, several growth models have been developed that make growth an endogenous variable. In contrast to neoclassical growth theory, endogenous growth theory argues that policy measures (such as subsidies on R&D and education) can have an increase long-run growth rate of an economy.
Paper portion at least 750 words
· Develop a presentation that highlights the main points of endogenous and exogenous growth theories.
· Additionally, with in the presentation provide an analysis of the impact of government policy on the long-term growth rate of an economy.
On slide content should be limited to 3 – 5 summary bullets per slide. A detailed discussion of the slide content needs to be provided within the speaker notes section of the slide
Complete this presentation in Microsoft PowerPoint, APA formatted of references and citations is needed. Your work will automatically submit it to “TurnItIn” for plagiarism review. Please note that a minimum of 5 slides is required.
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