Solow Growth Model Part V: Technological Change

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This video adds technological improvements, which make labor more efficient, to the Solow model.
  1. Economics in Many Lessons
  2. Solow growth model technological imporvements
  3. growth rate of technology solow model
  4. how to solve solow with technological growth
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Комментарии
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WaW! every question of Solow model. I will do after seeing these all 5 lectures. And I'm sure everyone can do all problems of Solow model.
Thanks A great thanks
Sir 🙏😊

SureshKumar-mhyn
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You've explained everything so well.. Thanks 🌹

PoojaVerma-nuqw
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You are great! Thank you for the lessons! <3

christinebrun
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What exactly does ng measures? (last line of last slide)

anjalibesoya
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At steady-state consumption per efficiency unit of labor should equal to zero(as you mentioned too) but when I tried to calculate it numerically it doesn't come out zero. Why?
See:- c = f(k) - (d + n + g)k
∆c = MPk - (d + n + g)
MPk should be 1/(2k^1/2) = 1/(2*3)
d + n + g = 0.15
∆c = 1/6 - 0.15 = 0.01 not equal to zero. Why?
Though theoretically it should be equal to zero.

yashigupta