RCK Flashcards
1
Q
At what rate do variables per effective labor grow in RCK?
A
Don’t grow, are constant
2
Q
At what rate do variables per capita grow in RCK?
A
Constant rate g
3
Q
At what rate do aggregate variables grow in RCK?
A
constant rate g+n+ng
4
Q
What does the data show about conditional convergence in RCK?
A
When comparing OECD nations, poorer countries do have higher growth rate. However this is not true for countries that are not similar (not absolute convergence)
