0
   

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
a=alpha
b=beta

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.
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 655 • Replies: 0
No top replies

 
 

 
  1. Forums
  2. » Solow Model with Exogenous Technical Growth
Copyright © 2020 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 01/27/2020 at 07:55:59