Le Van, Cuong; Tran-Nam, Binh - In: Fulbright review of economics and policy 3 (2023) 2, pp. 167-183
Purpose The principal aim of this paper is to review three basic theoretical growth models, namely the Harrod … growth. Both the Solow and Ramsey models can be used to explain the medium-income trap. The paper examines the impact of … Covid shocks on the macroeconomy. While the growth rate can be recovered, it may not always possible to recover the output …