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Research Project 2: Endogenous Verses Exogenous Growth
Theories<br>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.<br>Write an essay<br> Developing a
brief summary of endogenous and exogenous growth theories.<br>
Analyzing the impact of government policy on the long-term growth rate
of an economy.<br> <br>Complete this essay in a Microsoft
Word document, APA formatted which will automatically submit it to
“TurnItIn” for plagiarism review. Please note that a minimum of 800
words is required.