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Deriving Balanced Growth Path: Solow Growth Model
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I define and show the Balanced Growth Path in the Solow Growth Model (also know as the Solow-Swan or Neoclassical Growth Model.
Check out the playlist for a number of past and future videos on the topic of the Solow Growth model.
Previous videos will be very useful in understanding what's going on in this video, as I take this knowledge for granted. I have previously discussed the assumptions of the model and derived results such as the Solow capital accumulation equation.
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
Check out the playlist for a number of past and future videos on the topic of the Solow Growth model.
Previous videos will be very useful in understanding what's going on in this video, as I take this knowledge for granted. I have previously discussed the assumptions of the model and derived results such as the Solow capital accumulation equation.
Subscribe for more videos looking at everything to do with the subject of economics. Put suggestions for video ideas in the comments section below and any feedback offered would be greatly appreciated.
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