Solow Model with Exogenous Technical Growth

Reply Mon 21 Apr, 2014 08:11 am
Final good y is produced using the following technology:

Y=(AL)^(1-a-b)K^a H^b

Where ^=to the power of

technology A, grows at constant rate g.

Consider that in steady state all variables grow at the same rate. Taking this result into account, derive an expression for the capital, health and income per capita in steady state.
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