How does change impact the solow models predictions

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Reference no: EM13740486

1. You will be required to write a summary and review of the following article:

Mankiw, G.N., D. Romer, & D.N. Weil (1992). A Contribution to the Economics of Growth The Quarterly Journal of Economics, 107(2), 407-437.

a. The first section of your paper should summarize the main findings of the paper. What unique contribution do the authors make? What do the authors argue?

b. The second section of your paper should review the article. Your review should include discussing the following:

i. What pivotal change do the authors make to the Solow model? How does this change impact the Solow model's predictions?

ii. What evidence do the authors present to test their new model? How accurate is the new model in comparison to the Solow model?

iii. What do the authors report regarding convergence? Does the sample used for evaluation matter? How does the evidence compare to endogenous growth?

iv. What does the article do well? Where could the authors make improvements?

Reference no: EM13740486

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