ECON 236 Study Guide - Final Guide: Balanced-Growth Equilibrium, Zvi Hercowitz, Daron Acemoğlu
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This exam contains 2 sections, worth a total of 180 points. Notice that each point corresponds to one minute. The rst section asks you to explore a model and is worth 90 points. The second section asks you to discuss 3 papers, just as in the practice exam, and is also worth 90 points. Please choose one paper from each part, and answer the following questions: (a) (23 points) explain the main contribution of the paper. For papers with models, a good answer should highlight the main features of the economic environment, explaining which parts of this environment are innovative and important. For papers with empirical results, a good answer should explain how the results are obtained and give a sense of the magnitude of the result. Consider the following model of technology transfer, which we have not seen in class: t t k t l1 . Lt = l0e nt (1) (2) (3) (4) (5) (6)
