Note 1

Model Defination
Solow Neo/Classical Marginal Product of Capital decreases

Endogenous Growth I – AK) Marginal Product of Capital constant

Endogenous Growth II – Poverty Trap) Marginal Product of Capital Increases

Note 2
If a country cannot borrow from overseas then
its savings
equal has to
investment.
Meaning
Poor countries grow faster with increasing capital hence
in the long run will converge with richer countries

Poor countries can never catch up and the gap between

poor and rich countries keeps increasing