Solow Growth Model: A Numerical Example

This video reviews (non-graphically) the essential ideas of the Solow growth model and provides a numerical example, solving for the steady state capital-labor ratio, steady state GDP per worker, steady state investment per worker, and steady state consumption per worker.

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[wrjazziel]

Can we stop for a moment and appreciate that he's teaching us besides taking care of his kid (s)... Thank you so much!

[sarinarai]

I was also confused in class and didn't understand anything of solow growth model but trust me I got everything clear here.
thank you so much!

[amankwahissahabdulai]

thank you very much.
I was confused in class and didn't understand anything of solow growth model but trust me I got everything clear here.
God bless you man.

[alexbleich]

thank you so much you are a better teacher than most professors

[bekahleah]

Thanks! Have a Macroeconomics exam this week, this was very helpful!

[ricardoamezcua]

Cue Bette Midler, "Did I ever tell you you're my hero?".

[bethgunner]

Thank you, thank you, thank you! You have NO idea how much I appreciate this video, totally a life saver! <3

[umairaurangzeb]

Thank you so much brother... may god gives you more knowledge..

[marinaristic]

thank you so much. in a couple of minutes you explained 50 slide presentation from our professor ;)

[mohamedmohamudjimale]

thank you for your great work i got everything clear and we appreciate you and we hope you will be one the best channels of economy thank

[villyom]

Bro you are a lifesaver, my dumb ass couldn't comprehend nun till this video

[josephproffit]

Thank you for the clear and concise explanation!

[j.k.]

This video was so so useful !! thank you so much for taking the time to make it :)

[rlo]

Hi, what if i have two variables with not just K but also L
The production function is Y=K^0.5 L^0.5

[MediaWorkify]

Once again, this is awesome.

Few questions;

In a closed economy, is it not C+I+G? Why have you ignored G? The government does exist, although it is only trade that is not considered within this equation. Do you assume a closed economy is C+I based on the solow growth model and the fact that G isn't necessary? Please respond.

Thanks!

[ntcuongct]

Dear Friends, Could you explain the meaning of Depreciation rate of this model?. Thank you.

[lostsoul]

I'm confused. This is what I found on Google: GDP per worker is 1.8 and Consumption per worker is 2. But your video shows the opposite. I remember my lecturer said that 1.8 is not the consumption.

[shannessjohnson]

I don't understand the math when Y= 35K^1/3.
How do you find Y when it's not easily divisible, and the power is 1/3?

[samosajoemily]

thank you so much, this video was really a great help 🤩

[SureshKumar-mhyn]

Thank you so much sir really helpful this video🙏