Romer Model

Romer Model

The Romer Model is an economic growth model based upon the Solow model and providing the basis for the Taylor-Romer model [http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6X4M-4MV71BW-2&_user=10&_rdoc=1&_fmt=&_orig=search&_sort=d&view=c&_version=1&_urlVersion=0&_userid=10&md5=36bc462967f5409d6e59efb5640f545a] which has largely replaced the IS/LM model in explaining a number of macroeconomic features [http://www.economicsnetwork.ac.uk/iree/i2/guest.htm] . This model is characterized by the endogeonizing both growth and technological development [http://www.karlwhelan.com/Teaching/handout3_ec4010.pdf] .


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