Business, 20.02.2020 22:29 devbar3416

Technology transfer in the Solow model : One explanation for China's rapid economic growth during the past several decades is its expansion of policies that encourage "technology transfer." By this, we mean policies -such as opening up to international trade and attracting multinational corporations through carious incentives- that encourage the use ad adoption in China of new ideas and new technologies. This question asks you to use the Solow model to study this scenario.

Suppose China begins in steady state. To kee the problem simple, let's assume the sole result of these technology transfer polices is to increase A by a large and prmanent amount, one time. answer the following questions:

(a) Analyze this change using a Solow diagram. What happens to the economy over time?
(b) Draw a graph showing what happens to output in china over time. what happens to output per person in china in the long run?
(c) Draw a graph showing what happens to the growth rate of output in China over time. Explain.
(d) Discuss in a couple of sentences what your results imply about the effect of technology transfer on economic growth.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:30

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

Answer

Business, 22.06.2019 06:30

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Answers: 2

Answer

Business, 22.06.2019 10:00

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Answers: 2

Answer

Business, 22.06.2019 11:00

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?

Answers: 1

Answer

You know the right answer?

Technology transfer in the Solow model : One explanation for China's rapid economic growth during th...

Questions