Economy, asked by azharhussain68, 6 months ago

what neoclassical school of thought predicts about long economic growth? according to the Ramsey-cass-koop man's model​

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Answered by Anonymous
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Anwer::The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans. ... Another implication of the model is that the outcome is Pareto optimal or Pareto efficient.

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