Fconomlc Growth TbdolEd

In lhis equ.tio, 'C' d{Es.or hove
.xhibit a condrnt re|un |o etl..
' \ubqnpt i, B i 6.rr?mtl to th. fims Th.Efoq lims
lldl ot Btiond levcl, G - K, sid il is only rhc ocoumulatd slNk ol copild for ltE domv
Tn €fo.e, dE dioil produclid nMid bks th. following rom:
Atuw mod.l erhibils eveEl Blriolins asunDlions' a mojor one is' thal is for $ incd* 'n
E!rm\ t-rh lab.. atd uPibl should b. pEponiMollv ircE s'd Th* Enndtos td'
Mor€n in !n impruv.d mdlcl ofqdoeoes 3rc*ri Frpos€d bv Rm'r ( 1986) H' dc'iv€'r
Wh.E y is Edwh mb ol odpur p.r qpilt ,nd n is populalio Ab{lh nt Wilhout
kmwl.dca spill ovcr { z = 0 ), pa EDib iMd. klls@ M(Fvd' if z>0,lh€n t n
> O, hen@ Nlpd p.r labor is incErsing ln this s.v. gbv1h t d.riv'n bv eving and
inv€shenl d€lcmined *irhin lhe nGlcl, nor exogenouslv dstcmined lechnoldgi'ol
t{rcdlitid & bc inLrulizql ar rem lcYcl. llow*r, s@ mod.h lik. Durlaol ( I99l)
als prcved Osl thce s b. intemlized it l@l level in fm oa l@l complendditi.s.
Conplmenlariri6 ore backlaid $d loBord linhlsd that slNr infom.lion cosl and solvo
o@.diturid fiilurc (fiiNhnm 1953). Durlrut( 193) 'grr, thlll
''tutui.h&l iuloht t dhibi! ,,llerroities i. ttuhati@ od M lhnzd hr lo.ali4t!
kcln'lozicd hnthtudoifts. nek cMplewdntti.' vlet ttorg .Nugh *ornd
prcdrce nuLiph aq llh.lua k lohg-run