solowexample2

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Unformatted text preview: 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 0.00 0.20 0.40 0.60 0.80 1.00 1.20 Income per Capita Column E Column S Column AG Years 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 18.00 Growth in Income per capita Transition and BGP Column D Column R Column AF Years Economy USA PeriodGrowth rate of y output person Y/AL K/AL output capital AL labor technology growth of K 0.45 0.45 0.10 4.47 1.00 10.000 10.000 1.000 0.427 Tech Growth rate 1 9.53 0.49 0.49 0.13 5.38 1.43 11.000 11.000 1.000 0.357 Initial A(0) 1 2 7.63 0.53 0.53 0.16 6.37 1.94 12.100 12.100 1.000 0.309 3 6.28 0.56 0.56 0.19 7.45 2.53 13.310 13.310 1.000 0.274 Pop growth rate 0.1 4 5.27 0.59 0.59 0.22 8.63 3.23 14.641 14.641 1.000 0.247 Initial labor L(0) 10 5 4.49 0.62 0.62 0.25 9.91 4.03 16.105 16.105 1.000 0.226 6 3.87 0.64 0.64 0.28 11.33 4.94 17.716 17.716 1.000 0.209 Initial capital K(0) 1 7 3.37 0.66 0.66 0.31 12.88 5.97 19.487 19.487 1.000 0.196 8 2.96 0.68 0.68 0.33 14.59 7.14 21.436 21.436 1.000 0.184 saving rates 0.1 9 2.62 0.70 0.70 0.36 16.47 8.46 23.579 23.579 1.000 0.175 depreciation rate 0.02 10 2.33 0.71 0.71 0.38 18.54 9.93 25.937 25.937 1.000 0.167 capital share 0.35 11 2.08 0.73 0.73 0.41 20.82 11.59 28.531 28.531 1.000 0.160 12 1.86 0.74 0.74 0.43 23.32 13.44 31.384 31.384 1.000 0.154 13 1.68 0.76 0.76 0.45 26.09 15.50 34.523 34.523 1.000 0.148 Average Growth 30 14 1.51 0.77 0.77 0.47 29.13 17.80 37.975 37.975 1.000 0.144 15 1.37 0.78 0.78 0.49 32.48 20.36 41.772 41.772 1.000 0.140 16 1.24 0.79 0.79 0.50 36.17 23.20 45.950 45.950 1.000 0.136 Convergence Calculations 17 1.13 0.80 0.80 0.52 40.24 26.35 50.545 50.545 1.000 0.133 18 1.03 0.80 0.80 0.54 44.72 29.85 55.599 55.599 1.000 0.130 USA 19 0.94 0.81 0.81 0.55 49.66 33.73 61.159 61.159 1.000 0.127 Average Growth 30 2.25 20 0.86 0.82 0.82 0.57 55.09 38.02 67.275 67.275 1.000 0.125 Initial Income per capita 0.49 21 0.79 0.83 0.83 0.58 61.08 42.77 74.002 74.002 1.000 0.123 22 0.72 0.83 0.83 0.59 67.67 48.02 81.403 81.403 1.000 0.121 Foreign 1 23 0.66 0.84 0.84 0.60 74.93 53.82 89.543 89.543 1.000 0.119 Average Growth 30 3.01 24 0.61 0.84 0.84 0.61 82.93 60.24 98.497 98.497 1.000 0.118 Initial Income per capita 0.51 25 0.56 0.85 0.85 0.62 91.73 67.33 108.347 108.347 1.000 0.116 26 0.51 0.85 0.85 0.63 101.42 75.16 119.182 119.182 1.000 0.115 Foreign 2 27 0.47 0.85 0.85 0.64 112.09 83.79 131.100 131.100 1.000 0.114 Average Growth 30 1.03 28 0.44 0.86 0.86 0.65 123.84 93.33 144.210 144.210 1.000 0.113 Initial Income per capita 0.46 29 0.40 0.86 0.86 0.65 136.77 103.84 158.631 158.631 1.000 0.112 30 0.37 0.87 0.87 0.66 151.00 115.44 174.494 174.494 1.000 0.111 31 0.34 0.87 0.87 0.67 166.67 128.24 191.943 191.943 1.000 0.110 32 0.32 0.87 0.87 0.67 183.92 142.34 211.138 211.138 1.0001....
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