Solow Growth Model: A Second Numerical Example

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I show how to solve for the steady state equilibrium in an economy characterized by: y = k^0.25, s = 0.20, d = 0.10.
  1. Economics in Many Lessons
  2. solow growth model
  3. steady state equilibrium
  4. steady state capital
  5. steady state capital labor ratio
  6. steady state GDP per worker
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Комментарии
Автор

You are the man. You have cleared this up, and made this very simple for me! Thank you!!

cbrausch
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You made my understanding very simple.Thanks so much

evabrenda
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Thank you so much sir really helpful this video🙏

SureshKumar-mhyn
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Well explained sir 👍
Plz sir tell me the book's writer name or source name were you get this example

AliRaza-fytx
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Another great video. Thank you. Can you recommend a site that gives one a good refresher on algebra for economists?

frankconte
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Sir please solve this question-🙏🙏

For a production function Y=K^1/2 L^1/2, and
Saving rate=0.4 and
Depreciation = 0.2.
What is the steady-state level capital stock per worker will be ???

abdulpasha
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how come in this model y = c + i, but in the technological progress it is y = c - i?

harrystephenson