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Any young country has obviously not yet reached full potential. For that reason, it is very relevant, in terms of Canada in the 1890s-1920, to use a model of economic growth.
A simple, yet effective model of economic growth is that which had been devised by the Nobel Prize winning economist Robert Solow in the 1950s...
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For that reason, it is very relevant, in terms of Canada in the 1890s-1920, to use a model of economic growth.
A simple, yet effective model of economic growth is that which had been devised by the Nobel Prize winning economist Robert Solow in the 1950s. Solow’s neo-classical model of growth, known most prominently as the “Solow Theory†has been widely accepted since it was originally devised...
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