NO.PZ2023041102000040
问题如下:
Pamuk concludes: The impact from these policies will cause a long-term increase in the economy’s growth rate and the standard of living. Furthermore, if we emphasize R&D spending, then higher rates of saving and investment are unlikely to encounter diminishing marginal returns. Pamuk’s conclusion regarding the growth policy debate is most consistent with which model of economic growth?选项:
A.Endogenous B.Neoclassical C.Classical解释:
Pamuk’s conclusion is consistent with the endogenous growth model. In the endogenous growth model, the economy does not reach a steady growth rate equal to the growth of labor plus an exogenous rate of labor productivity growth. Instead, saving and investment decisions can generate self-sustaining growth at a permanently higher rate. This situation is in sharp contrast to the neoclassical model, in which only a transitory increase in growth above the steady state is possible. The reason for this difference is because of the externalities on R&D, diminishing marginal returns to capital do not set in.我因为这句话选的新古典:then higher rates of saving and investment are unlikely to encounter diminishing marginal returns. 意思是高储蓄率和投资并不能解决边际效应递减,我由此推断题目想表达稳态。
相反内生的结论是技术进步是可持续的,并且没提到边际效应递减,所以为什么不是新古典呢?