Class Notes (1,100,000)
CA (650,000)
Queen's (10,000)
ECO (500)
Lecture 10

ECON 222 Lecture Notes - Lecture 10: Capital AccumulationPremium


Department
Economics
Course Code
ECON 222
Professor
Mike Kennedy
Lecture
10

This preview shows half of the first page. to view the full 2 pages of the document.
Lecture 10 Long-run Economic Growth
Growth dynamics:the neoclassical growth model
Accounting approach is about the sources of economic growth and it does not completely completely
explain a country’s growth. Performance.
The neoclassical growth model
Clarifies how Capital accumulation and economic growth are interrelated
Explains the factors affecting a nation’s long run standard of living
Is suggestive of how a nation’s long run standard of living
Is suggestive of how a nation’s rate of economic growth evolves over time
You're Reading a Preview

Unlock to view full version

Subscribers Only