read the article and answer the questions 9

Based on the article below, answer the following questions (total pages: 2 pages, single-spaced):

1. What are the authors’ objective in the paper?

2.What are their results from a simple growth model – in a complete market?

3.How are their results different when markets are frictional?

4.How do the authors validate their findings?

5.Comment on their findings.

 

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