Economics · Economic Growth Models
In the context of the Solow growth model, which of the following is NOT required for absolute convergence to hold among a set of economies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Access to the same technology production function
- 2Identical initial capital-labour ratio✓
- 3Same savings propensity
- 4Same population growth rate
Correct answer
Identical initial capital-labour ratio
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